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Tribunal apportions costs based on parties’ relative success
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Tribunal awards damages to General Dynamics for Libya’s breach of contract, but rejects unjust enrichment claim
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Tribunal finds contractual breach in Libya’s drawdowns on the performance guarantees
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Libya’s default was excusable under force majeure, despite failure to notify claimant
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Libya’s non-payment was an act of default
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General Dynamics’ default notice was invalid, and amounted to wrongful termination of contract
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Tribunal denies Libya’s counterclaim for damages; finds that General Dynamics’ actions were not in bad faith
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Arbitration was commenced in 2013 and touched on issues likely to arise in other pending Libya cases
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Civil war interrupts contractual performance, before Libya draws down on financial guarantees provided by contractor
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Tribunal refuses to draw adverse inferences from Libya’s non-production of documents
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