Tag Archives | LAP

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 […]

Ahmed Kashadah, MD of LAP, Passes Away

By John Lee. The Managing Director of the Libyan African Investment Portfolio (LAP/LAIP) has reportedly passed away in a hospital in Malta after a long struggle with illness. Ahmed Kashadah (pictured) became managing director of the foreign investment fund in September 2011. More on Ahmed Kashadah’s life and career here. (Source: Libya Herald)

Forum in Malta on Business Opportunities in Libya

Malta’s Economy Minister, Chris Cardona, has addressed a business networking forum jointly organized by the Libyan Africa Investment Portfolio (LAIP) and the Libyan Maltese Chamber of Commerce. According to a report from The Malta Independent, the Minister said: “[The Forum] is designed to promote commercial and business relationships amongst organisations and businesses around the Mediterranean region, […]

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 […]

LAP-Tripoli Hits at “Poorly Managed” LAP GreenN

The Tripoli-based leadership of the Libyan African Investment Portfolio (LAP), which owns LAP GreenN, said in a statement on Monday that it was “unable to continue to fund a poorly managed LAP GreenN.” LAP CEO Mohsen Derregia, said: “LAP GreenN received US$ 208 million from LAP between November 2011, when Ahmed Kashadah and Wafiq Shater […]

LAP to Appeal Against $15m Ruling

The Libyan Africa Investment Portfolio (LAP, LAIP) has said it will appeal against a UK High Court judgement which awarded over $15 million to the Dubai-based Catalyst Managerial Services (CMS). In a statement, the company’s Malta office said: On 21 September 2012, Catalyst Managerial Services (“CMS”) issued a claim against the Libyan Africa Investment Portfolio […]