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LIBYA

As top French court set to rule on Al Kharafi affair, LIA turns to Havas for PR

The Fnac des Ternes building is one of the assets concerned.
The Fnac des Ternes building is one of the assets concerned. © Olivier Boitet/Le Parisien/MaxPPP
The Paris Court of Cassation is today due to decide on the Kuwaiti construction group's bid to seize hundreds of millions of euros of the Libyan Investment Authority's French assets. Meanwhile, Havas is helping the LIA with its communications. [...] (581 words)
Issue dated 14/09/2021 Reading time 3 minutes
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Further reading
Fom left to right: Siddiq Al-Sour, Abdelhamid Dabaiba, Al Seddik Omar Al-Kabir and Najla Al Mangoush. On the right: Ali Mahmoud Hassan. © Gouvernement d'unité nationale/Facebook
Spotlight
LIBYA Politics 04/02/2022

Dabaiba sticks behind LIA boss Ali Mahmoud Hassan despite Belgian arrest warrant  Free

With an international arrest warrant issued by a Belgian judge hanging over his head, the chairman of the Libyan sovereign wealth fund, Ali Mahmoud Hassan, can still count on the prime minister's support. Meanwhile, the Libyan attorney general Siddiq Al-Sour has promised to improve judicial cooperation with Brussels. [...]
KUWAIT LIBYA Business 20/01/2021

Paris FNAC store case to be heard by France's Court of Cassation in March 

Kuwaiti construction group Al Kharafi, which is seeking $1bn in compensation from the Libyan Investment Authority following the cancellation of a big property project in Janzour, has had seized a number of the authority's assets in France, among them the FNAC store in Paris's Avenue des Ternes. [...]
The FNAC store on Paris' Avenue des Ternes.
The FNAC store on Paris' Avenue des Ternes. © Olivier Boitet/Le Parisien/PhotoPQR/MaxPPP
FRANCE KUWAIT LIBYA Diplomacy 21/10/2020

Al Kharafi affair: Paris opposes unfreezing of Libyan Investment Authority fund's French assets  Free

The Directorate General of the French Treasury has refused to release the assets of the Libyan sovereign wealth fund claimed by the Kuwaiti group in its €1bn dispute with Libya. These assets include the Fnac building in Paris' Ternes district, and sums held with Société Générale. [...]
The Fnac des Ternes building is part of the property concerned by the dispute.
The Fnac des Ternes building is part of the property concerned by the dispute. © Olivier Boitet/PhotoPQR/Le Parisien/MaxPPP

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