Published on 21 May 2015

How Tripoli and Tobruk are facing off to snare Libya's overseas assets

How Tripoli and Tobruk are facing off to snare Libya's overseas assets

Short of cash, the rival governments of Tobruk and Tripoli are battling one another for the assets acquired abroad during Muammar Gaddafi's reign, from LAP GreenN to OiLibya and passing by way of stakes in Italy's UniCredit, ENI and Finmeccanica. From London to Dubai and in Rome, Malta and Luxembourg, Maghreb Confidential has looked into the manoeuvres of the two camps as they shrug off appeals by the international community to preserve the neutrality of the Libyan Investment Authority (LIA), the Central Bank of Libya and of the LPTIC (Libyan Post, Telecommunication and Information Technology Company).

This article may be accessed by subscribers and e-wallet holders (EUR 14)
Log in to read more

Subscribe or Pay-Per-Article
Discover our offers
LIBYA Document 21/05/2015

Tripoli hits at Maltese version of LPTIC to claw back stake in Retelit 

In its drive to gain control of Libyan assets across the world (see our report), Tripoli has attacked the Maltese [...]

Spotlight LIBYA 21/05/2015

Tripoli wins Italian round in fight for LIA's jewels 

In the struggle to gain control of Libya's assets abroad (see our report), Tripoli has again marked points against Tobruk. Visiting Rome between May 11-15, the governor of the Central Bank of Libya, Al Seddik Omar Al Kabir, and Abderrahmane [. [...]

Spotlight LIBYA Document 07/05/2015

Derregia tracking down LIA's African loot in Malta 

Short of cash, the rival governments of Tripoli and Tobruk are fighting over the assets of the rich Libya Africa Investment Portfolio (LAP or LAIP) that houses Muammar Gaddafi’s African investments. The battle, which is pitting the two rival branches [. [...]

LIBYA 30/04/2015

Enyo Law drops LIA in its case against Goldman Sachs 

Maghreb Confidential understands that Enyo Law terminated its contract with the Libyan Investment Authority (LIA) on April 28. The law [...]

LIBYA 16/04/2015

Ex-NOC legal advisor hired by Oilinvest 

Ahmed Gaddah, who was legal advisor at Libya’s National Oil Corp during the Gaddafi era, has been making a discreet [...]

LIBYA 09/04/2015

Gergab takes over Retelit, the Italian gem in LPTIC’s crown 

Two rival groups had been fighting for the control of Retelit, the Italian gem of state-owned LPTIC (Libyan Post, Telecommunications [...]

Spotlight LIBYA 19/02/2015

How Gergab is nudging LIA towards Tobruk camp 

Officially "neutral" with regards Libya's rival governments, the Libyan Investment Authority (LIA) is nonetheless increasingly in the hands of associates of Faysel Gergab, who is himself close to the Tobruk government. On Feb. 6, the sovereign Libyan fund liquidated its [. [...]

LIBYA 12/02/2015

Boss of LPTIC takes refuge with Oilinvest in Malta 

Libya’s state-owned institutions are continuing to relocate their businesses to Malta. Dropping off the radar screen last summer, Faysel Gergab, [...]

LIBYA 08/01/2015

An abundance of central bank governors 

The vice president and acting governor of the Libyan Central [...]

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

By continuing your visit to this site, you accept the use of cookies allowing us to adapt and enhance your experience. Read more