Belgian Court of Appeal has issued a ruling nullifying the right to seize funds of the Libyan Investment Authority (LIA).
Whilst Libya was suffering chaos in 2011, the Belgian organization GSDT managed to obtain a judgment in absentia against the Libyan state, seizing Libyan funds, which had been frozen in Luxemburg.
The LIA indicated in a statement that it had in fact received a notification regarding the seizure of its funds in Luxemburg by the Belgian authorities at the time.
Economy
