Tag Archives | Organisation for Development of Administrative Centres (ODAC)

Advancing Libyan/British Business

“The biggest and best Libyan-British trade/investment gathering in 10 years.” – Sir Vincent Fean, Chairman, Libyan British Business Council (LBBC) “Libya will raise its oil production from 1.25 million barrels a day now to 2.1 mbd by 2024.” – Engineer Mustafa Sanalla, Chairman, National Oil Corporation of Libya Over 150 Libyan state-owned and private businesses […]

Hill Int’l Restates Results due to Libya Receivables

US company Hill International has announced that it intends to restate prior period financial statements following a determination that the Company’s previous accounting treatment of the accounts receivable (the “Libya Receivable”) from the Libyan Organization for Development of Administrative Centres (“ODAC”) was no longer appropriate as of and for the year ended December 31, 2012. […]

Asset Freeze Lifted on ODAC

The European Union has lifted the financial sanctions placed on Libya’s Organisation for Development of Administrative Centres (ODAC). But asset freezes remain in place against Libyan companies and individuals, a list of which can be found here. Affected entities include the Libyan Agricultural Bank, the Libyan Arab African Investment Company and the Libyan Holding Company […]