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Spotlight | France, Libya
After Al Kharafi and Sorelec cases, huge new arbitration threatens LIA's French assets again

Plastic surgery specialist Aymen Boujbel's Tunisian import-export business Siba Plast is trying to seize €280m in assets from the Libyan Investment Authority through a claim on a prison construction contract signed with Libya's National Transition Council in 2012. [...]

Published on 01/10/2021 at 06:00 GMT Reading time 4 minutes

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Business

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Aicha Othmane
Al Kharafi
Anis Boujbel
Augusto Pelliccia
Aymen Boujbel
Banque Exterieure d'Algerie
Banque intercontinentale arabe
Daniel Vasilescu
Fnac
Giacorosa
International Chamber of Commerce
Lafico
Libyan Foreign Bank
Libyan Investment Authority
Med Espoir
Muammar Gaddafi
National Transitional Council
Ridha Neffati
Rosalinda Iaocella
Sam Zormati
Siba Plast
Société internationale des bons affaires dans le domaine du plastique
Sorelec
Stefano Bencivenga
Union des Banques Arabes et Francaises

Libya
French court rules in favour of Libya in Siba Plast case

The Paris appeals court has overturned an exequatur order issued in 2017 by another French court in favour of the Tunisian company.

Subscribers only Business 10.10.2024

Libya, Tunisia
French courts uphold Libyan government's appeal in Siba Plast case

The Paris court of appeal has ruled that the Libyan government has good grounds to challenge the seizure of Libyan assets in France, which the Tunisian firm Siba Plast obtained in 2017.

Subscribers only Business 14.11.2023

Libya
Sam Zormati sentence over attempted Fnac building seizure reduced on appeal

The French-Tunisian businessman, who tried to sell a Paris building belonging to the Libyan sovereign wealth fund LIA and valued at €250m, has had his sentence upheld by the Paris Court of Appeal. Several other legal procedures however continue to threaten Libyan assets in France.

Subscribers only Business 24.06.2022

Libya
Tripoli continues battle against Al Kharafi and Siba Plast in Paris

Libya and its sovereign wealth fund LIA are battling to protect their French assets from being seized by the Kuwaiti group Al Kharafi and a mysterious Tunisian entity, Siba Plast. These assets include a building housing one of Fnac's outlets in Paris, as well as more than €150m in liquid assets.

Subscribers only Business 02.06.2022

Libya
In Paris, LIA wins some and loses some in marathon Siba Plast affair

The Libyan sovereign fund and its subsidiary LAFICO have made successful appeals against Tunisian company Siba Plast, which is looking to seize €280m worth of assets from them in France. However, LIA companies which own real estate in Paris had the seizures against them confirmed.

Subscribers only Business 21.04.2022

The premises of the Fnac building in Les Ternes, Paris, are being seized.

Libya
With €280m at stake, Siba Plast case gets complicated for LIA

This month, the Libyan sovereign wealth fund will attempt to have the seizures initiated by Siba Plast in Paris invalidated. The little-known Tunisian company is claiming €280m for a contract to restructure the judicial police, which was never executed.

Subscribers only Finance, Business 04.01.2022

Libya
Judicial deadlock in Paris in LIA-Al Kharafi case

The Paris Court of Cassation has not ruled on Al Kharafi's request to seize the Libyan Investment Authority's assets, preferring to await a European Court of Justice ruling on an Iranian case. Meanwhile, the Kuwaiti group has obtained some domestic diplomatic support.

Subscribers only Business 05.11.2021

Libya
Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

After having long worked for the Gaddafi regime, Geneva-based Tunisian consultant Sami Jallouli has joined forces with two other creditors of Libya to seize the National Oil Corp's shares in Mabruk Oil Operations, a joint venture between the NOC and France's TotalEnergies.

Subscribers only Energy, Business 11.10.2021

Libya
As top French court set to rule on Al Kharafi affair, LIA turns to Havas for PR

The Paris Court of Cassation is today due to decide on the Kuwaiti construction group's bid to seize hundreds of millions of euros of the Libyan Investment Authority's French assets. Meanwhile, Havas is helping the LIA with its communications.

Subscribers only Business 14.09.2021

The Fnac des Ternes building is one of the assets concerned.

Kuwait, Libya
Paris FNAC store case to be heard by France's Court of Cassation in March

Kuwaiti construction group Al Kharafi, which is seeking $1bn in compensation from the Libyan Investment Authority following the cancellation of a big property project in Janzour, has had seized a number of the authority's assets in France, among them the FNAC store in Paris's Avenue des Ternes.

Subscribers only Business 20.01.2021

The FNAC store on Paris' Avenue des Ternes.

Libya
Libya rocks arbitration world after convincing French court to cancel $452m Sorelec award

On November 17, the Paris Appeal Court overturned a arbitration ruling ordering Libya to pay €452m to French company Sorelec. In so doing, it has got Fayez Sarrez's government in Tripoli out of a hole...

Subscribers only Business 24.11.2020

Libya
Sam Zormati and his partners convicted in Paris FNAC affair

After seven years of legal proceedings, Tripoli won a first victory on December 3 in the "FNAC des Ternes" affair, [...]

Subscribers only Business 12.12.2019

Set up email notifications for these topics

Aicha Othmane
Al Kharafi
Anis Boujbel
Augusto Pelliccia
Aymen Boujbel
Banque Exterieure d'Algerie
Banque intercontinentale arabe
Daniel Vasilescu
Fnac
Giacorosa
International Chamber of Commerce
Lafico
Libyan Foreign Bank
Libyan Investment Authority
Med Espoir
Muammar Gaddafi
National Transitional Council
Ridha Neffati
Rosalinda Iaocella
Sam Zormati
Siba Plast
Société internationale des bons affaires dans le domaine du plastique
Sorelec
Stefano Bencivenga
Union des Banques Arabes et Francaises

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Spotlight | France, Libya
After Al Kharafi and Sorelec cases, huge new arbitration threatens LIA's French assets again

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Set up email notifications for these topics

Libya
French court rules in favour of Libya in Siba Plast case

Libya, Tunisia
French courts uphold Libyan government's appeal in Siba Plast case

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Sam Zormati sentence over attempted Fnac building seizure reduced on appeal

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Tripoli continues battle against Al Kharafi and Siba Plast in Paris

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In Paris, LIA wins some and loses some in marathon Siba Plast affair

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With €280m at stake, Siba Plast case gets complicated for LIA

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Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

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Libya rocks arbitration world after convincing French court to cancel $452m Sorelec award

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Indigo Publications' websites

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Spotlight | France, Libya After Al Kharafi and Sorelec cases, huge new arbitration threatens LIA's French assets again

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Libya French court rules in favour of Libya in Siba Plast case

Libya, Tunisia French courts uphold Libyan government's appeal in Siba Plast case

Libya Sam Zormati sentence over attempted Fnac building seizure reduced on appeal

Libya Tripoli continues battle against Al Kharafi and Siba Plast in Paris

Libya In Paris, LIA wins some and loses some in marathon Siba Plast affair

Libya With €280m at stake, Siba Plast case gets complicated for LIA

Libya Judicial deadlock in Paris in LIA-Al Kharafi case

Libya Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

Libya As top French court set to rule on Al Kharafi affair, LIA turns to Havas for PR

Kuwait, Libya Paris FNAC store case to be heard by France's Court of Cassation in March

Libya Libya rocks arbitration world after convincing French court to cancel $452m Sorelec award

Libya Sam Zormati and his partners convicted in Paris FNAC affair

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Spotlight | France, Libya
After Al Kharafi and Sorelec cases, huge new arbitration threatens LIA's French assets again

Libya
French court rules in favour of Libya in Siba Plast case

Libya, Tunisia
French courts uphold Libyan government's appeal in Siba Plast case

Libya
Sam Zormati sentence over attempted Fnac building seizure reduced on appeal

Libya
Tripoli continues battle against Al Kharafi and Siba Plast in Paris

Libya
In Paris, LIA wins some and loses some in marathon Siba Plast affair

Libya
With €280m at stake, Siba Plast case gets complicated for LIA

Libya
Judicial deadlock in Paris in LIA-Al Kharafi case

Libya
Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

Libya
As top French court set to rule on Al Kharafi affair, LIA turns to Havas for PR

Kuwait, Libya
Paris FNAC store case to be heard by France's Court of Cassation in March

Libya
Libya rocks arbitration world after convincing French court to cancel $452m Sorelec award

Libya
Sam Zormati and his partners convicted in Paris FNAC affair