Yesterday, the Libyan Investment Authority and its chairman, Ali Mahmoud, won a landmark legal case before the English Commercial Court in London which confirms his status as the sole validly-appointed chairman of the Libyan Investment Authority .
In a statement, the Libyan Investment Authority stressed that this conclusive ruling will now enable the Libyan Investment Authority to focus all its efforts on protecting and enhancing the assets of the Libyan people, adding that, now, it can concentrate on its transformation strategy to improve governance through the support of international experts, administrative reform and continued transparency.
The Libyan Investment Authority highlighted the impoetance of this victory, stating that the long legal battle has been unnecessary and detrimental to them. It also added that the judgment allows to focus on delivering its mission to improve the lives of the Libyan people.
