The state lawsuits administration of the Libyan Supreme Judiciary Council said that the litigation committee tackling lawsuits abroad managed to unfreeze state assets from Italian companies at several Italian banks, bringing home 113 million euros that were the debt and the interests of the litigation case of the International Chamber of Commerce in Paris issued in 1987 and was recognized by Rome in 2010.

According to the administration, the money was unfrozen from Sacco, Kova, Conicos firms at Unicredit, ABC and CBA banks in Italy.

On November 19, Rome Tribunal annulled the seizure made by the firms against Libyan assets of the Libyan embassy and consulate in Rome at Ubi and BNL banks as those accounts had judicial immunity.

The administration indicated that the Libyan money increased as those firms were seizing the state assets in different banks and thus the interests increased because of such a behavior by the firms.

It also added that the debts should be paid by Libyan authorities so the state assets cannot be seized and all Libyan embassies abroad shouldn’t use their bank accounts in transactions that don’t relate to their missions’ work so they can avoid being seized by parties demanding debts from Libya.