Opinion
21-CIV-4150-JGK
05-27-2022
In the Matter of the Arbitration Between v. STATE OF LIBYA Respondent. OLIN HOLDINGS LIMITED Petitioner,
[PROPOSED] AMENDED FINAL JUDGMENT
John G. Koeltl, United States District Judge.
WHEREAS, this cause came before the Court on Petitioner Olin Holdings Limited's (“Olin”) Petition to Confirm Foreign Arbitral Award, dated December 11, 2020;
WHEREAS, on March 22, 2022, this Court issued a Memorandum Opinion and Order (the “Order”) granting Olin's Petition to Confirm Foreign Arbitral Award and denying Respondent the State of Libya's (“Libya”) Motion to Dismiss the Petition to Confirm [Dkt. # 25];
WHEREAS, on April 14, 2022, this Court issued a Final Judgment directing Libya to pay Olin USS 21,760,340.26 plus post-judgment interest at the rate mandated by 28 U.S.C. § 1961 from the date of the Final Judgment to the date of satisfaction [Dkt. # 29]; and
WHEREAS, the Final Judgment issued on April 14, 2022 contained a typographical error in the amount of the judgment ($21,760,340.26 instead of $27,760,340.26);
IT IS HEREBY ORDERED, ADJUDGED AND DECREED that for the reasons set forth in the Order:
1. Libya is directed to pay Olin US$ [27,731,688.49 + 3,183.53 for each day between April 5, 2022 and the date of the judgment, for a total judgment of US$ 27,760,340-26], consisting of principal amounts of USS 773,000.00 and EUR 19,294,687.70 plus simple prejudgment interest calculated at the rate of 5% from May 25, 2018 (the date of the Arbitral Award) to April 14, 2022 (the date of the Final Judgment), using the USD / EUR exchange rate of 1.1644 in effect on May 25, 2018 (from the Wall 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 April 14, 2022 (the date of the Final Judgment) to the date of satisfaction.
The Clerk of the Court shall enter this Amended Final Judgment pursuant to Rules 58, 59(e) and 79(a) of the Federal Rules of Civil Procedure.
THIS IS A FINAL JUDGMENT.
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APPENDIX 1
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