The Litigation Department of Libya’s Supreme Judicial Council reported last week that the Libyan state achieved ”another victory” after it obtained a ruling from the Tunisian Court of Cassation on 16 March stopping the implementation of an arbitral award against the Libyan state.
The ruling annulled a ruling issued by the Court of Appeal in Tunisia which came as a result of an appeal against the judgment of appeal in absentia regarding the implementation of the arbitral award obtained by the Tunisian company Siba Plast, on 14 April 2015, which obligated the Libyan state to pay the amount of 274,974,500,00 million euros.
