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Libya “Wins Case” against Brazilian Companies
Libya “Wins Case” against Brazilian Companies

Libya “Wins Case” against Brazilian Companies

Xinhua reports that the Libyan government has won a legal case against two Brazilian construction companies that claimed $96 million in damages due to the suspension of their projects in Libya.

The Libyan Audit Bureau said the International Court of Arbitration, part of the International Chamber of Commerce (ICC) in Paris, rejected the case filed against Libya by a Libyan-Brazilian company and the Brazilian company Odebrecht.

The infrastructure projects were suspended in 2011 due to the deteriorating security condition.

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Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

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