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Libya Investment Authority wins a court ruling against a Swiss company that prevents the seizure of its assets in France

The Libyan Investment Authority succeeded in winning two court rulings from the Paris Court, ordering the cancellation of seizures signed on its assets in France as a result of the lawsuits filed by the Swiss company Galoli.

The Libyan Investment Authority clarified that the Swiss company contracted in 2008 with Libyan government agencies to provide media services, and after 2011 the company demanded material compensation and a court ruling was issued in its favor against the Libyan state by the arbitration chamber in Geneva.

The Foundation added that in 2018, the Paris Court of First Instance issued an order to implement the ruling, noting that it had received several notifications of seizure of its assets in France.

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