Libya wins lawsuit filed by Turkish company seeking compensation

Source: Xinhua| 2018-07-30 03:31:33|Editor: yan
Video PlayerClose

TRIPOLI, July 29 (Xinhua) -- Libya has won an international lawsuit against a Turkish company demanding financial compensation of 80 million euros (93.3 million U.S. dollars), said Libya's Justice Ministry's lawsuit department on Sunday.

Libya won a lawsuit, at the International Chamber of Commerce (ICC) in Paris, filed by the Turkish TAV Airports Holding Company, claiming financial compensation for damages due to alleged violation of the Libyan party's legal obligations by suspension of the construction of Sabha International Airport in southern Libya.

The ICC ruled that the contract signed between Libya and the Turkish company has been terminated due to force majeure, granting the company 10.3 million euros for the completed works, loss of equipment and guarantees.

The lawsuits department, established in 1971, represents the government and handles lawsuits filed against the country inside and abroad.

Due to the insecurity and chaos following the 2011 uprising that toppled former leader Gaddafi's regime, most foreign companies working in Libya left the country and their projects were suspended.

The Libyan audit bureau in May said foreign companies abroad have filed 142 lawsuits against Libya since 2011, demanding compensation of nine billion euros.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521373560401