Settlement of Libya claim overturned after fraud finding

Settlement of Libya claim overturned after fraud finding

Settlement of Libya claim overturned after fraud finding

An UNCITRAL tribunal has overturned a US$120 million consent award that brought an end to a treaty claim against Libya after finding that the German claimant had taken advantage of the political turmoil in the country to procure the settlement through fraud.

For more information, please see https://globalarbitrationreview.com/article/1193962/settlement-of-libya-claim-overturned-after-fraud-finding

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