New York Federal Court Confirms Arbitration Award Under Cyprus-Libya Bilateral Investment Treaty

On March 23, 2022, a New York federal court confirmed an award in an arbitration before a tribunal of the International Chamber of Commerce (ICC) between Olin Holdings Ltd. and the state of Libya under a bilateral investment treaty. In the underlying ICC arbitration, Olin claimed that the Libyan government obstructed the operation of, and ultimately expropriated, Olin’s dairy factory in Libya’s capital city Tripoli in violation of the bilateral investment treaty between Libya and Cyprus, where Olin was formed. Olin sought $147,882,000 as compensation for the damages it allegedly incurred as a result…

Read the complete story here.

Featured Arbitrators

ad
View all

Read these next

Category

Arbitration Conversation No. 58: Prof. Rachel J. Goedken, Director, Werner Institute, Creighton Law

In this episode of the Arbitration Conversation Amy interviews Professor Rachel J. Goedken, Director of the Werner Institute at Creighton Law School about how to get into labor arbitration and...

By Rachel Goedken, Amy Schmitz
Category

What Does the Federal Arbitration Act’s “Policy Favoring Arbitration” Really Favor? Arbitration as a Way of Settling Disputes Rather than “Deciding” Cases

Introduction For decades, arbitration practice has been conceptualized as an alternative way to resolve cases, acting much as a court would, but more quickly and cheaply. Recent Supreme Court cases...

By Stephanie Korenman, Aegis Frumento
Category

Arbitration Conversation No. 53: Canadian Arbitrator Janet Walker

In this episode of the Arbitration Conversation Amy interviews Janet Walker, an independent arbitrator with chambers at Arbitration Place in Toronto, at the International Arbitration Centre in London, and at...

By Janet Walker, Amy Schmitz

Find an Arbitrator