Tag Archives | Libyan Africa Investment Portfolio

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 […]

Fund Mgr Fighting to Keep $16m in Libyan Bonuses

By John Lee. Bloomberg reports that a London banker is in a legal fight with the firm he founded, accused of taking more than $16 million in “secret commissions” relating to the management of the Libyan Africa Investment Portfolio (LAIP). FM Capital Partners (FMCP) alleges that Frederic Marino and former Julius Baer banker Yoshiki Ohmura […]

Interview: New LIA boss plans to fund Libyan Infrastructure

By Adam Nathan. The newly-appointed Chief Executive Officer (CEO) of the Libyan Investment Authority (LIA), the country’s sovereign wealth find, which holds $67 billion of assets, said he is seeking to work and co-invest with international investors including major oil companies to boost his country’s wealth. In his first interview with the media, Mr Ali Shamekh […]

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 […]

$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 […]

LAP GreenN and Ivorian Gov’t reach Agreement

The Libyan Africa Investment Portfolio (LAIP) has announced that the Ivorian government will not nationalize the ailing GreenN Cote d’Ivoire telecoms company. LAIP, the owner of LAP GreenN, and the Ivorian government have reached an agreement to re-structure the company which has failed to pay licence fees, according to a report from Medafrica Times. A […]

Executive Profile: Ahmed A. Kashadah of LAP

From Marcopolis. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. In September 2011, less than a month after the fall of Muammar Gaddafi by the Libyan Revolution, Ahmed A. Kashadah (pictured) found himself as managing director of a multi-billion-dollar foreign investment fund of the […]