A Libyan sovereign-wealth fund won a decade-long court battle over assets worth at least $1.2 billion as top French judges decided they couldn’t be seized.
(Bloomberg) — A Libyan sovereign-wealth fund won a decade-long court battle over assets worth at least $1.2 billion as top French judges decided they couldn’t be seized.
The two rulings by France’s Cour de Cassation on Wednesday concerned attempts by a Kuwaiti construction company to seize assets of the Libyan Investment Authority ranging from amounts held in Societe Generale SA accounts to the shares of a firm that owns a landmark piece of Paris real estate.
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