More than 12 years after the ouster of Libyan dictator Muammar Gaddafi, Libya is still struggling to recover billions in frozen overseas assets, despite enforcing reforms and stepping up legal efforts in international and European courts.
The Libyan Investment Authority (LIA), Libya’s sovereign wealth fund, has in recent years intensified legal action against foreign countries, investment banks, asset management companies, and individuals whom it believes have wrongfully appropriated Libya’s wealth, taking advantage of its political divisions and instability. (CONTINUED - 1868 WORDS)
