Libya’s Tripoli-based Ministry of Justice confirms Egypt court ruling annulling ‘‘Kharafi’’ US$ 1 bn 2013 arbitration case

By Sami Zaptia.

London, 11 June 2020:

Libya’s Tripoli-based Ministry of Justice confirmed last week (3 June) that an Egyptian Court of Appeal in Cairo annulled the ‘‘Kharafi’’ US$ 1 bn arbitration case of 22 March 2013 against Libya.

The Ministry said that the arbitration ruling had obliged the Libyan state to pay damages to the company worth nearly US$1 billion, and its annulment is the culmination of a long judicial struggle waged by the Department of Cases over many years.

It will be recalled that an arbitration panel in Cairo had ordered . . .

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