Libya Not Entitled To ‘Independent Review’ Of $27M Award, 2nd Circuit Says

Mealey's (July 13, 2023, 1:53 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on July 12 affirmed the confirmation of an International Chamber of Commerce (ICC) award worth more than $27 million against Libya for the attempted expropriation of land on which a Cypriot company built a juice and dairy factory, writing that a federal judge was not required to independently review the arbitrability of the dispute because Libya consented to the tribunal deciding that issue....