Etrak v. Libya

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Case Details

Year of Filing: 2016

Case Status: Set Aside Concluded

Claimant(s): Etrak Insaat Taahut ve Ticaret Anonim Sirketi

Respondent(s): Libya

Arbitral Rules: ICC

Legal Instrument: Treaty

Treaty: Libya-Turkey BIT

Administrative Case Number: ICC Case No. 22236/ZF/AYZ

Arbitral Tribunal

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Major Developments

Annulment/Set-Aside Decision:

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Counsel

Counsel for Claimant:

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Counsel for Respondent:

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Swiss court dismisses set-aside application of Libya award Dec 7, 2020

Revealed: in new ICC BIT award, Libya’s lack of compliance with an earlier settlement agreement results in treaty breach; Turkish claimant Etrak is awarded $22 million Oct 4, 2019

Libya Round-up: new investment treaty claims, new rulings, and updates on arbitrator appointments May 23, 2019

As series of Turkey-Libya BIT arbitrations proceed, tribunals are taking different approaches to Libya’s contention that treaty’s entry-into-force rules out civil war-related claims Sep 25, 2017

As Libya begins to see wave of investment treaty arbitrations, at least seven Turkish BIT claims are pursued at ICC Mar 31, 2017