Tag Archives | Catalyst Managerial Services (CMS)

CMS case against LAIP ends in Court

Strike out of CMS case against LAIP confirmed by Court of Appeal in London The English Court of Appeal has reportedly confirmed the striking out of a claim by Catalyst Managerial Services (CMS) against Libya Africa Investment Portfolio (LAIP). The case had originally been struck out by the English High Court in 2017. According to […]

LAIP wins Court Appeal against CMS

By John Lee. The Libya Africa Investment Portfolio (LAP/LAIP) hs announced that it had won its legal battle against Dubai-based Catalyst Managerial Services (CMS). A London court had previously awarded $15.4 million in damages to CMS for alleged unpaid invoices and wrongful termination of its contract with LAIP prior to the revolution. But following an appeal […]

CMS Hits Back at LAP-Malta Claims

In a strongly-worded statement, Dubai-based Catalyst Managerial Services (CMS) has hit back at what it says are “false and misleading” claims from the Malta-based leadership of the Libyan African Investment Portfolio (LAP). The company says that, contrary to a statement issued by LAP in relation to the ongoing court battle in London, no permission to appeal […]

LAP’s Appeal Against CMS Moves Forward

The Malta-based leadership of the Libyan African Investment Portfolio (LAP), issued a statement on Friday regarding the ongoing legal dispute between the company and the Dubai-based Catalyst Managerial Services (CMS): “With the case recently transferred to the Commercial Court at LAP’s request, The Honourable Mr Justice Males, sitting in the High Court in London, has […]

LAP in $15m Payment Default

The Libya Africa Investment Portfolio (LAP) has reportedly defaulted on the UK High Court Order in relation to the ongoing Catalyst Managerial Services (CMS) case against LAP involving damages of over US$500 million. On Wednesday 9th September, 2015, the High Court of England & Wales rejected LAP’s further application for a stay and ordered LAP […]

$15m Award against Libya Africa Investment Portfolio

The High Court of England and Wales has ruled that the defence provided by the Libya Africa Investment Portfolio (LAP) against a case brought against it by Catalyst Managerial Services (CMS) was “fanciful”. The Court awarded damages of more than US$15,000,000 to CMS. This judgment forms part of CMS’ wider case against LAP for breach […]