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Facts. A decree to nationalize all Texaco’s (P) rights, interest and property in Libya was promulgated by Libya (D). This action of the Libyan Government led Texaco (P) to request for arbitration, but it was refused by Libya (D).
The arbitration originates from fourteen Deeds of Concession concluded between 1955 and 1968 between Libya and two United States companies, Texaco Overseas Petroleum Company and California Asiatic Oil Company (hereafter called the Companies).
Texaco v. Libya. Texaco Overseas Petroleum Co. and California Asiatic Oil Company v. Libya. Nature of the proceedings: International. Type of case: Investor-State. Date of introduction: 2 Sept 1973. Status of the case: Decided in favor of investor. Respondent: Libya. Institution: Ad hoc Arbitration (Ad hoc Arbitration) Seat of arbitration: Geneva.
Get Texaco Overseas Petroleum Co. v. Libya, 104 J. Droit Int’l 350 (1977), Arbitration by Professor Rene-Jean Dupuy, case facts, key issues, and holdings and reasonings online today.
Jan 6, 2022 · Texaco Overseas Petroleum Co. v. Libya | 104 J. Droit Int’l 350 (1977) The fate of a private investor who was injured by a sovereign state’s breach of contract was unknown until Texaco ...
This paper proposes to deal with arbitration in both perspectives, in the light of the TEXACO Arbitration. Thus the introductory chapter will be dedicated to analysing the role arbitration clauses played in the concession agreements through their historical development.
Jun 27, 2024 · Texaco Overseas Petroleum Company and California Asiatic Oil Company v. The Government of the Libyan Arab Republic - Volume 53 Last updated 27/06/24: Online ordering is currently unavailable due to technical issues.
