German Appeal Court Confirms Enforceability of €75+ Million ICSID Award Against Libya

By Diego Luis Alonso Massa, 22 August 2022

The Berlin Court of Appeal has upheld Strabag SE’s €75 million ICSID (AF) arbitration award as enforceable against Libya, according to a press release issued by the law firm Gleiss Lutz. In a decision dated 4 August 2022, the Court of Appeal ruled that the award was enforceable in Germany in the amount claimed – without a hearing being required....