Company Urges 2nd Circuit To Affirm $27M Award Against Libya For Factory Dispute

Mealey's (October 27, 2022, 1:06 PM EDT) -- NEW YORK — A Cypriot company in an Oct. 26 appellee brief urges the Second Circuit U.S. Court of Appeals to affirm the confirmation of an award worth more than $27 million against Libya for attempting to expropriate land on which the company had built a factory, arguing that the tribunal properly found jurisdiction over the arbitration despite the company’s litigation of the same claims in Libyan courts....