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 [...]
Published on 21 May 2015
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).
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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 [. [...]
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 [...]
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 [...]