Özer and Dirlik v Libya, Decision on the constitution of the tribunal, IIC 1809 (2022), 6th April 2022, Ad Hoc Tribunal (UNCITRAL)

1. By a single Notice of Arbitration dated 2 November 2020 (the “Notice”), the Claimants commenced arbitration proceedings against The State of Libya (the “Respondent” or “Libya”) pursuant to the 2009 Agreement between the Republic of Turkey and Great Socialist People’s Libyan Arab Jamahiriya on the Reciprocal Promotion and Protection of Investments (the “BIT”), and the 1981 Agreement on Promotion, Protection and Guarantee of Investments among Member States of the Organization of the Islamic Conference (the “OIC Treaty”). The Claimants appointed Dr. Karim Hafez as...