Region: Libya

A French court has upheld an ICC tribunal’s decision to award US$116 million to a Libyan state entity while ruling it should have agreed to hear a UAE oil company’s claims over the unauthorised use of Libya’s biggest refinery during the country’s 2011 revolution.

03 March 2021

UPDATED. A Turkish national has withdrawn his US$69 million ICC claim against Libya over his investments in construction projects disrupted by the country’s civil war.

11 January 2021

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 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

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court has refused to reinstate a US$120 million consent award in an investment treaty case against Libya that was rescinded after the tribunal found that the German claimant procured the settlement fraudulently.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

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

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

Libya has been ordered to pay around a sixth of a €105 million treaty claim brought by a Cypriot company over its investment in a dairy and juice factory in Tripoli and reported wins in two other ICC cases brought by Turkish and Portuguese investors.

28 June 2018

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