The Libyan Investment Authority (LIA) announced Saturday that for the first time since 2013, its assets in France are free of any judicial seizures. It confirmed that the latest seizures were lifted after the Paris Court of Appeal ruled in two rulings issued on 16 and 23 November that they were invalid. The LIA revealed that it is now working on the second phase of international arbitration procedures with the Belgian authorities regarding the seizure imposed by them on its assets and funds. This seizure, it added, is in violation of the investment promotion and protection agreement between the two countries.

Source: Libya Today November 28, 2023 10:57 UTC