Following a United Nations decision, the Council has unfrozen all funds of the Central Bank of Libya (CBL) and the Libyan Arab Foreign Bank (LAFB) held in the EU. There is still a partial freeze on the assets of the Libyan Investment Authority and the Libya Africa Investment Portfolio in respect of funds frozen as at 16 September 2011. (Source: Council Unfreezes More Libya Funds)
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Council unfreezes Libya funds
- Dentons
- Emma Radmore and Dominic Gilmore
- European Union, Libya
- January 6 2012
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Dr Jürgen Fegbeutel
Legal Services Director
BMW (South Africa) (Pty) Ltd