ISDS Case Map
Libya
Libya voiced a strong commitment to renewing previous agreements with Türkiye, seeking to finalize a free trade deal and boost investments with its largest commercial partner.
Mozambique’s government approved on Tuesday the resolution on Mozambique’s Tariff Offer for the Implementation of the Agreement creating the African Continental Free Trade Area (AfCFTA).
It is presumed the claim is on the basis of the bilateral investment treaty between Libya and Belgium.
Libya’s sovereign wealth fund has instructed criminal counsel alongside its launch of an arbitration claim, in an increasingly bitter investment dispute with Belgium and involving a member of the royal family.
The Paris Court of Appeal recently issued a noteworthy decision that will likely have a significant impact on the use of the OIC Agreement, one of the largest multilateral investment treaties.
An aribtral tribunal ordered Libya to pay the Al Kharafi Group $930 million in damages. The Al Kharafi Group sued the Libyan state in France too, so when Gadhafi's A340 landed in France, they sought to have it impounded.
On 3 June 2020, the Cairo Court of Appeal set aside a US$ 1 billion investment treaty award arising out of a dispute between a Kuwaiti construction company and the State of Libya, in relation to a license for a tourist development project in Tripoli, Libya.
A number of noteworthy decisions by the Paris Court of Appeal and French Supreme Court have come to refine on the now well-established French case law on international arbitration.
Algerian Minister of Trade Kamel Rezig announced a joint initiative with Libya to establish a free trade area.
