"Consternation surrounds reports that an arbitration panel in Cairo has ordered Libya to pay nearly a billion dollars to a Kuwaiti company, for the loss of 90 years income from a canceled Tripoli tourism project.
Reports carried in the Kuwaiti press and picked up by Reuters said that Kuwait’s Kharafi Group, had been given the damages in arbitration proceedings organized by the Arab League.
Since 1992 the Arab Convention on Commercial Arbitration has worked under the aegis of the League."
'via Blog this'
No comments:
Post a Comment