British Petroleum Company (Libya) Ltd, wholly owned by the British Petroleum Company Ltd (UK) v the Government of the Libyan Arab Republic
Year (case):
1973Year (treaty):
19571971
Time period:
1950-2000Jurisdiction/region:
North Africa
State/territory:
Libya
Document language:
English
Dispute resolution method:
Arbitration
Classification:
Investor-StateLegal instrument:
Contract
Presiding or sole arbitrator:
Gunnar Lagergren (Sweden)Nationality of arbitrator:
Sweden
Citation:
British Petroleum Company (Libya) Ltd, wholly owned by the British Petroleum Company Ltd. (UK), v the Government of the Libyan Arab Republic, Award on the merits of October 10, 1973, in Pieter Sanders (ed) International Council for Commercial Arbitration (ICCA) Yearbook Commercial Arbitration, Vol. V (Kluwer Law International 1980) 143
Description:
The dispute concerns the effect of Libya’s ‘BP Nationalisation Law’ (1971) which nationalized all BP’s rights in terms of a petroleum Concession Agreement (1957). The claimant later requested the arbitrator re-open his award between the same parties of 10 October 1973 on the basis of substantial and procedural errors.