September 21, 2023
A Cypriot dairy and juice factory investor can seek attachment or execution of Libyan assets in its efforts to collect on a $28 million judgment against the country, a New York federal judge has ruled, rejecting Libya's assertion that such permission would be improper given its ongoing efforts to vacate the award in France.
March 24, 2022
Libya must pay a $20 million arbitral award issued to a Cypriot investor after the land under its dairy and juice factory was unexpectedly seized by the government, a New York judge ruled on Wednesday, rejecting arguments that the jurisdictional award was "irrational and absurd."
August 11, 2021
A Cyprus-based chemical company told a New York federal judge that the Libyan government is trying to relitigate an issue it lost in arbitration to avoid paying a $22 million award over an expropriated factory.
May 11, 2021
Libya moved a $22 million arbitration enforcement action to New York federal court on Monday, protesting the state court's default judgment and arguing for immunity under the Foreign Sovereign Immunities Act.