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LIBYA

Setback for Siba Plast in court battle with Libyan Investment Authority

The Tunisian company Siba Plast had won compensation from Libya's sovereign wealth fund in the French courts, but the Paris appeal court has now overturned that ruling. [...] (332 words)

Issue dated 09/02/2023 Reading time 2 minutes

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Business

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LIBYA
Aymen Boujbel
Banque intercontinentale arabe
Compagnie des exploitations réunies
Financière CER
Fnac
Giacorosa
Lafico
Libyan Investment Authority
National Transitional Council
Siba Plast

Sam Zormati sentence over attempted Fnac building seizure reduced on appeal

The French-Tunisian businessman, who tried to sell a Paris building belonging to the Libyan sovereign wealth fund LIA and valued at €250m, has had his sentence upheld by the Paris Court of Appeal. Several other legal procedures however continue to threaten Libyan assets in France.

LIBYA Business 02/06/2022

Tripoli continues battle against Al Kharafi and Siba Plast in Paris

Libya and its sovereign wealth fund LIA are battling to protect their French assets from being seized by the Kuwaiti group Al Kharafi and a mysterious Tunisian entity, Siba Plast. These assets include a building housing one of Fnac's outlets in Paris, as well as more than €150m in liquid assets.

LIBYA Business 21/04/2022

In Paris, LIA wins some and loses some in marathon Siba Plast affair

The Libyan sovereign fund and its subsidiary LAFICO have made successful appeals against Tunisian company Siba Plast, which is looking to seize €280m worth of assets from them in France. However, LIA companies which own real estate in Paris had the seizures against them confirmed.

The premises of the Fnac building in Les Ternes, Paris, are being seized.

LIBYA Finance Business 04/01/2022

With €280m at stake, Siba Plast case gets complicated for LIA

This month, the Libyan sovereign wealth fund will attempt to have the seizures initiated by Siba Plast in Paris invalidated. The little-known Tunisian company is claiming €280m for a contract to restructure the judicial police, which was never executed.

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LIBYA
Aymen Boujbel
Banque intercontinentale arabe
Compagnie des exploitations réunies
Financière CER
Fnac
Giacorosa
Lafico
Libyan Investment Authority
National Transitional Council
Siba Plast

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