Libya successfully defends Paris arbitration court case against Brazilian companies

By Sami Zaptia:

Libya successfully defends a case in Paris against two Brazilian companies (Photo: Audit Bureau).

Libya successfully defends a case in Paris against two Brazilian companies (Photo: Audit Bureau).

London, 25 February 2018:

The Tripoli-based Libyan Audit Bureau has reported that the Libyan state and its Housing and Infrastructure Board (HIB) have successfully defended a case brought against them at the International Chamber of Commerce’s International Court of Arbitration in Paris.

Libya was defending a compensation claim case brought against it by the Libyan Brazilian Construction and Development Company and Oderbrecht for about US$ 99 million (LD 129 m).

It will be recalled – and as reported on by Libya Herald at the time – that the case had been flagged up by the Audit Bureau in its 2015 Annual Report (pages 99-104) which had called on the Libyan authorities to appeal a compensation settlement which it viewed with suspicion. It had pointed out possible corruption and foul play in the matter.

 

Legal claims against Libyan state increased dramatically in 2015

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