Split ICC panel sides with Libyan state entity
A refinery in a Libyan port town on the Mediterranean coast has produced a series of arbitrations (Credit: Shutterstock)
A divided ICC tribunal has ruled that Libya’s national oil company can buy out its Emirati partner in a refinery venture – as a dissenting arbitrator complains of due process violations and says the award “deprives a bona fide investor of its investment”.
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