No Result
View All Result
Monday, June 5, 2023
24 °c
Tripoli
23 ° Tue
22 ° Wed
22 ° Thu
24 ° Fri
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya successfully defends US$ 165 million compensation claim by Indian company Simplex

bySami Zaptia
August 3, 2021
Reading Time: 1 min read
A A
22
SHARES
95
VIEWS
Share on FacebookShare on Twitter

By Sami Zaptia.

The Legal Disputes Department of the Supreme Justice Council.

London, 3 August 2021:

Libya has successfully defended a US$ 165 million arbitration compensation claim against Indian construction company Simplex, the Foreign Cases Management Department of the Supreme Judicial Council announced yesterday.

The case was filed by Simplex in Paris in 2018 claiming that Libya had violated the provisions of the bilateral treaty encouraging and protecting investments signed between Libya and India in 2009.

Simplex had signed a contract in 2008-2009 to implement 4,000 housing units in its facilities in Girat al-Shati and Wadi al-Mjaneen regions. In meeting the costs of arbitration with obligating the expenses.

RELATED POSTS

Libya wins defence in case against Korea’s LD 661 million Shinhan Construction Company claim

Libya obtains ruling in €10 million case at Paris Court against Serbia East Iron

The Libyan side reported that the arbitral tribunal issued on 23 July 2021 its decision to end the arbitration procedures due to the Indian company failure to meet the arbitration costs. It also obliged Simplex to pay the procedures’ expenses.

The Foreign Cases Department said this ruling reinforces the important role it plays in the field of foreign disputes with the efforts of its loyal members, and adds a new gain to the Libyan state in this regard, which it added, requires its support by all means that enable it to continue its role in defending public funds and caring for the public interest.

 
Tags: arbitration compensation parisfeaturedForeign disputes cases departmentHigh Judicial Council Supreme Judicial Council SJCSIMPLEX India
Share9Tweet6Share2

Related Posts

On National Information Technology Day, the mini-satellite project CubeSat was launched
Business

On National Information Technology Day, the mini-satellite project CubeSat was launched

June 4, 2023
Ministry of Industry provides support to the Industrial Research Centre
Business

Ministry of Industry provides support to the Industrial Research Centre

June 4, 2023
Benghazi Turkish Trade Exhibition postponed to 12-15 June
Business

Benghazi Turkish Trade Exhibition postponed to 12-15 June

June 3, 2023
HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia
Business

HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

June 3, 2023
SPARK partners with Hive and Assaraya in Benghazi to implement training programme
Business

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

June 2, 2023
REAoL opens Benghazi office – to open office in south soon
Business

REAoL opens Benghazi office – to open office in south soon

June 1, 2023
Next Post

HoR fails to pass presidential election law after Monday and Tuesday sessions

Libya's latest LD 111 bn draft 2021 budget likely to pass as Hafter and his army finally allocated LD 2.5 bn

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    243 shares
    Share 97 Tweet 61
  • HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    66 shares
    Share 26 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    55 shares
    Share 22 Tweet 14
  • Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

    49 shares
    Share 20 Tweet 12
  • The International Conference on Arbitration in Libya – held in Tripoli with international participation

    43 shares
    Share 17 Tweet 11
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

On National Information Technology Day, the mini-satellite project CubeSat was launched

Ministry of Industry provides support to the Industrial Research Centre

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?