Region: Libya
Libya loses appeal over seizure of former Gaddafi property
The Court of Appeal in London has upheld a charge on a London property linked to Libya’s former leader Muammar Gaddafi, siding with a US defence contractor seeking to collect a £16 million ICC award against the state.
20 February 2025
French Court of Cassation rejects Libya’s challenges to treaty awards
The French Court of Cassation has rejected Libya’s bid to set aside a US$51 million investment treaty award based on corruption allegations – and upheld a jurisdictional decision against the state in a separate case.
13 February 2025
US court confirms Turkish investor’s award against Libya
A DC court has enforced a Turkish contractor’s US$22 million investment treaty award against Libya, refusing the state’s application to stay the action pending the outcome of other enforcement proceedings.
05 February 2025
Libya overturns enforcement of Turkish investor’s award
The French Court of Cassation has granted Libya’s bid to overturn an order for enforcement of a US$22 million investment treaty award in favour of a Turkish contractor.
15 October 2024
Libya overturns enforcement in Paris
A Paris court has overturned the enforcement of a €280 million award against Libya, finding that the state had not been given adequate opportunity to present its case before the award was rendered by default.
09 October 2024
Burkina Faso risks claim over Libyan-owned bank
Libya has warned that an arm of its central bank may pursue arbitration against Burkina Faso over the nationalisation of their local banking joint venture.
11 June 2024
Indonesian oil producer settles Libyan claim
An Indonesian energy company has settled an ICC claim against a Libyan state-owned entity over a US$900 million oil and gas project disrupted by civil war.
04 June 2024
Libya creditor obtains final order against former Gaddafi property
A US defence contractor seeking to satisfy a £16 million ICC award against Libya has obtained a final charging order against a London property previously owned by the family of the country’s former leader Muammar Gaddafi.
16 April 2024
Paris court issues trio of Libya decisions
The Paris Court of Appeal has upheld its earlier ruling permitting Libya to appeal the enforcement of a €280 million award – the third judgment the court has issued in recent months involving the state or entities it owns.
27 February 2024
Turkish contractor fails to revive treaty claim against Libya
The Paris Court of Appeal has upheld an ICC award that dismissed a US$190 million investment treaty claim brought by a Turkish construction company against Libya over projects left unfinished after recent civil war.
18 January 2024