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Libyan Investment Authority welcomes Brussels court’s lifting of seizures on its funds

Pulbished on:

Tripoli, January 22, 2025 (LANA) - The Libyan Investment Authority welcomed the announcement of the lifting of the seizures on its funds by the Belgian judiciary.

The Authority said in a statement on Wednesday, "We welcome the issuance of the ruling of the Brussels Court of Appeal, which ruled to lift all judicial seizures imposed on the funds of the Authority and its group at Euroclear Brussels Bank."

The statement added, "There are no longer any judicial seizures on the assets of the Authority and its group in Belgium."

The Investment Authority explained that these funds are still subject to the decisions of the international asset freeze measures imposed by the Security Council since 2011.

It indicated in its statement that the judicial seizures were imposed by virtue of the decision of the Belgian investigating judge since October 2017.

The Authority confirmed that it has submitted its objection to these seizures over the past years and filed many cases before the Belgian courts in implementation of the legal strategy for protecting assets.