The International Chamber of Commerce (ICC) ruled in favour of Libya’s Sirte Oil Company, rejecting a lawsuit filed by Punj Lloyd against the company in 2018 to recover what it called dues, estimated at about 205 million dollars.
The International Chamber of Commerce (ICC) ordered Punj Lloyd to pay 5.195 million dollars to Sirte Oil Company in compensation, and rejected Punj Lloyd’s claims that the Libyan company violated the terms of a joint agreement signed in 2006.
