The Libyan Investment Authority (LIA) has won a second appeal against the Tunisian company Siba Plast, which is battling to seize €280m worth of Libyan assets in France.

The LIA issued a statement on its Facebook page saying that it had succeeded for the second time in obtaining a ruling in its favour against the company Siba Plat, which provides for the cancellation and invalidation of reservations that were made in France, and this came after the LIA submitted its defences before the judiciary based on its independence.

LIA indicated that the Tunisian company made several seizures of the Foundation's assets abroad, but it managed to prevent any prejudice to its assets by filing separate cases for each seizure separately and obtaining court rulings in its favour.

By taking these measures, the LIA says it has "closed the curtains" on this case and cut off Siba Plast's alleged claims.

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