Al Hani News Today

News and Press Release in English on Yemen about Health; published on 6 Apr 2023 by YFCA

The D.C. Circuit has refused Libya's bid to vacate an $89 million arbitral award issued to an Austrian construction business after its infrastructure projects were disrupted by the Libyan revolution, ruling that the tribunal wasn't obligated to decide an issue relating to more than $100 million in advance payments.

Libya is asking the D.C. Circuit to vacate a $93 million arbitral award issued to an Austrian construction business after the company's infrastructure projects were disrupted during the 2011 Libyan revolution, arguing Monday that the tribunal improperly punted on an important issue.

Libya is asking the D.C. Circuit to vacate a $93 million arbitral award issued to an Austrian construction business after the company's infrastructure projects were disrupted during the 2011 Libyan revolution, arguing Monday that the tribunal improperly punted on an important issue.

Libya is asking the D.C. Circuit to vacate a $93 million arbitral award issued to an Austrian construction business after the company's infrastructure projects were disrupted during the 2011 Libyan revolution, arguing Monday that the tribunal improperly punted on an important issue.

Libya was unable to convince a Washington, D.C., federal judge to vacate an €83 million ($96.2 million) arbitral award issued to an Austrian construction business after the company's infrastructure projects were halted and its equipment stolen or destroyed during the Libyan revolution a decade ago.