spot_img
spot_img
spot_img
spot_img
spot_img

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img

Related News

Shrinkage in EC and Decrease in Turkish Export

The contraction in European economies also caused damage to...

Vandewiele Group Showcases Textile Innovations at Techtextil 2024

VANDEWIELE team is delighted to welcome its customers again...

Global Carpet Yarn Market Resilience Amidst Pandemic

Despite the ongoing challenges posed by the COVID-19 pandemic,...

Coats Digital Shortlisted for Five Accolades at the UK’s National Technology Awards 2024

Coats Digital’s unique, time-cost benchmarking solution, GSDCost, has been...

Iran’s Agrofood Exports to EAEU Surge, Led by Russia

Rouhollah Latifi, a senior official with the Central Organization...
×