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The Libyan Investment Authority wins lawsuit against Kharafi and Sons

The Libyan Lawsuits Administration said on Wednesday that it had won an arbitration lawsuit at the Cairo Appeals Court against Kuwaiti firm M.A. Kharafi and Sons that wanted to seize $120 million from the assets of the Libyan Investment Authority (LIA) in France, in April 2014, for an Arab arbitration from 2013 that said it should get $930 million in compensation.

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