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 […]
Tag Archives | Libyan Africa Investment Portfolio
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 […]
Tags: Corruption, featured, FM Capital Partners, Julius Baer, Libyan Africa Investment Portfolio, United Kingdom
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 […]
Tags: Adam Nathan, Ali Shamekh, European Union (EU), Exxon Mobil, ExxonMobil, featured, Gaddafi, Interview, Libya Oil Holdings, Libyan Africa Investment Portfolio, Libyan Investment Authority (LIA), National Oil Corporation (NOC), Oilinvest, Security Council, Shell, Tamoil, Tobruk, Tripoli
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 […]
Libya Scrambles to find Gadhafi’s Missing Billions
By Samir Sobh for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Apart from the outcomes of the UN-brokered peace deal that was signed July 11, in Skhirat, Morocco, the fact that some parties to the conflict objected on its articles, and that others […]
Tags: Banco Santander, Central Bank of Libya (CBL), Citigroup, Electriciete de France (EDF), Eni, LAP, Libyan Africa Investment Portfolio, Libyan Arab Foreign Investment Company (LAFICO), Libyan Investment Authority (LIA), Libyan Local Investment & Development Fund (LLIDF), Oilinvest
$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 […]
Tags: Catalyst Managerial Services (CMS), LAP, Libyan Africa Investment Portfolio, Libyan Investment Authority (LIA)
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 […]
Tags: Cote d’Ivoire, GreenN Cote d’Ivoire, Ivory Coast, LAP, LAP GreenN, Libyan Africa Investment Portfolio, Libyan Arab Investment Portfolio (LAIP), Telecommunications
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 […]