The Libyan Investment Authority (LIA) – Libya’s sovereign wealth fund – this week hailed two long-awaited decisions regarding its overseas frozen assets, an estimated $68bn that the country has struggled to recover since the 2011 ouster of dictator Muammar Gaddafi (MEES, 7 August 2015).
On 22 January the LIA welcomed a decision by the Brussels Court of Appeal to “lift all the seizures that have been imposed on LIA [assets] in the Euroclear bank in Brussels.” (CONTINUED - 340 WORDS)