Region: Libya

A Korean state-owned power company’s treaty claim against India and an Emirati oil investor’s case against Libya are underway at the Permanent Court of Arbitration in The Hague.

09 December 2021

A Kuwaiti company’s efforts to collect on a billion-dollar award against Libya may have been dealt a blow after the European Court of Justice ruled that EU law precludes the attachment of assets that have been frozen as a result of international sanctions.

11 November 2021

UPDATED: A US court has confirmed an investment treaty award requiring Libya to pay €84 million to an Austrian engineering company for construction contracts that were disrupted by the country’s 2011 revolution, as details of a separate award against the state worth €280 million emerge.

01 October 2021

The Paris Court of Appeal has upheld a jurisdictional award in a treaty case against Libya, siding with an ICC tribunal that the state’s corruption allegations were a matter for the merits.

29 September 2021

An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension. 

02 August 2021

A Kuwaiti construction company has persuaded Egypt’s Court of Cassation to reinstate a controversial US$1 billion award against Libya relating to a tourism resort that was never built.

29 June 2021

The UK Supreme Court has held that enforcement proceedings against foreign states must be served via diplomatic channels, overturning a ruling that said civil unrest and political instability in Libya meant formal service could be dispensed with.

28 June 2021

The Paris Court of Appeal has upheld a US$51 million investment treaty award against Libya, rejecting the state’s allegations of corruption and ruling that the legality of the claimants’ investment was a matter for the arbitrators.

26 May 2021

The Paris Court of Appeal has ruled that the Permanent Court of Arbitration had no authority to assist in the appointment of a tribunal to hear a US$525 million claim against Libya after the Organization of Islamic Cooperation refused to appoint an arbitrator on the state’s behalf.

26 March 2021

A Cypriot company is seeking to enforce a €20 million investment treaty award against Libya arising from the expropriation of a dairy and juice factory.

10 March 2021