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LIBYAN AM. OIL CO. v. SOCIALIST PEOPLE'S, ETC.

Misc. No. 79-57.

482 F.Supp. 1175 (1980)

LIBYAN AMERICAN OIL COMPANY, Plaintiff, v. SOCIALIST PEOPLE'S LIBYAN ARAB JAMAHIRYA, formerly Libyan Arab Republic, Defendant.

United States District Court, District of Columbia.

January 18, 1980.

Attorney(s) appearing for the Case

Gerald Goldman, Washington, D. C., for plaintiff.

Preston Brown, Washington, D. C., for defendant.

MEMORANDUM

JOHN LEWIS SMITH, Jr., District Judge.

The Libyan American Oil Company (LIAMCO) brings this action to confirm and enforce an arbitration award rendered on April 12, 1977, in Geneva, Switzerland, against the Socialist People's Libyan Arab Jamahirya (Libya). The arbitral award was rendered pursuant to a clause contained in certain petroleum concessions entered into by LIAMCO and Libya in 1955. In 1973 and 1974 Libya nationalized both LIAMCO's rights...

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