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Home > Legal & Regulatory docs.

Olin Holdings Limited v State of Libya - United States District Court Southern District of New York Case No 1-21-cv-04150 - Final Judgment - 14 April 2022

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Country
  • Cyprus
  • Libyan Arab Jamahiriya
  • United States
Year

2022

Summary

FINAL JUDGMENT: IT IS HEREBY ORDERED, ADJUDGED AND DECREED that for the reasons set forth in the Order: 1. Libya is directed to pay Olin US$ [27,731,688.49 + 3,183.53 for each day between April 5, 2022 and the date of the judgement, ($2 1,731,688.49 + $28,651.77 for a total judgement of $21,760,340.26 consisting of principal amounts of US $773,000.00 and EUR 19,294,687.70 plus simple prejudgment interest calculated at the rate of 5% from May 25, 2018, the d ate of the Arbitral Award, to the date of this Final Judgment, using the USD/ EUR exchange rate of 1.644 in effect on May 25, 2018 (from the Walt Street Journal website), as set forth in Appendix 1 hereto; 2. Libya is further directed to pay Olin post-judgment interest at the rate statutorily mandated by 28 U.S.C. § 1961 from the date of this Final Judgment to the date of satisfaction. The Clerk of the Court shall enter this Final Judgment pursuant to Rules 58 and 79(a) of the Federal Rules of Civil Procedure. THIS IS A FINAL JUDGMENT.

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