Tag Archives | Compensation

Firms awaiting Libya loss compensation

Negotiations have not begun over the compensation Chinese companies are to receive for losses they suffered in Libya, meaning more time will be needed before Chinese companies return to the war-torn land.  "The compensation negotiations for the losses that Chinese companies suffered during the war have not started yet," E. Ali Saleh Huwedi, counsellor of […]

China asks Libya to compensate for companies' losses

Minister of Commerce Chen Deming said Wednesday China has requested Libya to compensate Chinese firms that suffered losses during the country's civil war. Speaking at a press conference on the sidelines of the annual parliamentary session, Chen said that according to international law and practise, China requires the Libyan authorities to properly handle the issue […]