Gide obtains a major victory in securing the assets of the Libyan sovereign wealth fund for more than 300 million euros

By three rulings dated September 7, 2022, the First Civil Chamber of the Cour de cassation definitively set aside attachments carried out by Al-Kharafi, a Kuwaiti company, on frozen assets belonging to our client, the sovereign wealth fund Libyan Investment Authority (LIA). These attachments had been performed by Al-Kharafi in 2013 and 2016, in execution of an arbitration award of more than one billion euros against the Libyan state, on the ground that LIA would be an emanation of this state.

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Libya , Paris , France General , France , Kuwait , Kuwaiti , French , Libyan , Sarah Rahim , Yohan Bendao , Guillaume Tapie , Emmanuelle Trichet , Amaury Lavenant , Libyan Investment Authority , First Civil Chamber , European Court , Bank Sepah , French Treasury ,