The Libyan Investment Authority (LIA) in Tripoli has refuted reports of armed men taking over the LIA headquarters, which have been circulated by some media outlets and on social media, saying the reports are untrue. The UN-installed Presidency Council led by Fayaz Sirraj defied the court ruling and claimed that Breish stormed the LIA headquarters with force. This ruling was made following administrative appeal number 250/2017 made by Breish. The LIA recovered in September 2016 $53.8 million that had been managed by Cornhill Capital, after a three-year battle. It also recovered an additional $73 million after actively pursuing its rights against Lehman Brothers.

Source: Libya Observer February 07, 2017 08:48 UTC