The news organisation Africa Intelligence reported that French courts will consider, on 16 March, Libya's legal action to contest the arbitration ruling ordering it to pay out nearly €50m to the Turkish construction firm Cengiz.
Both sides are scheduled to appear before the Paris court of appeal which Africa Intelligence report said would be a tense hearing.
According to the report, "Tripoli is bidding to overturn an arbitration ruling handed down in 2019 by the International Chamber of Commerce (ICC) in Paris-a very unusual recourse in this kind of legal dispute." The ICC magistrates ordered Libya to pay €50m in compensation to the Turkish firm Cengiz, "which has yet to seek the execution of this ruling by seizing Libyan assets."
