Region: Libya

Libya overturns treaty award in Paris

The Paris Court of Appeal has set aside a French construction company’s €452 million ICC award against Libya after finding it was based on a fraudulent settlement agreement.

18 November 2020

Libya challenges treaty award in US court

Libya has asked a US court to vacate an investment treaty award that requires it to pay more than €83 million to an Austrian investor in six construction projects that were disrupted by the country’s 2011 revolution.

16 September 2020

German investor fails to revive settlement with Libya

A French court has refused to reinstate a US$120 million consent award in an investment treaty case against Libya that was rescinded after the tribunal found that the German claimant procured the settlement fraudulently.

17 July 2020

Libya held liable over civil war disruption

An ICSID tribunal has ordered Libya to pay €74 million in damages to an Austrian construction company over infrastructure projects that were disrupted by the country's civil war.

01 July 2020

Libyan entity ordered to pay in "man-made river" dispute

An ICC tribunal has ordered a Libyan state entity to pay US$40 million plus interest to two Turkish joint venture partners over disruption caused to an underground pipeline project that was suspended as a result of the Arab Spring.

06 November 2018

Double win for Libya at ICC

UPDATED. Two ICC arbitrations valued at over US$1.4 billion have ended in wins for Libya's National Oil Corporation, with tribunals ‎dismissing claims brought by the Emirati owner-operators of the country's biggest refinery and – in the most recent case – allowing a US$116 million counterclaim.

08 January 2018

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