Ruling on the legitimacy of the Board of Directors of "Libya Investment" headed by Ali Mahmoud

Ruling on the legitimacy of the Board of Directors of “Libya Investment” headed by Ali Mahmoud

Published On: May 28th, 2020

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On April 9, 2020, the President of the Libyan Investment Authority held a meeting with the UN Panel of Experts, in which he discussed the mechanisms of control of the Board of Directors and its supervision of the assets established under the panel system imposed on the institution.

The Office of Public Relations and Media confirmed in a special statement to “Arabisk London” that Dr. Ali Mahmoud emphasized to the panel of experts that the institution is committed to implement the panel system, and works in accordance with a strategy consistent with the sanctions committee.

On March 25, 2020, the Commercial Court in London issued its final judgment as the Board of Directors of the Libyan Investment Authority headed by Ali Mahmoud is the sole legitimate representative of the Libyan Investment Authority in the United Kingdom under English law.

 

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