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FRANCE KUWAIT LIBYA Issue dated 21/10/2020

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

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
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. [...] (445 words)
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