Home / Politics / The Foreign Law Cases Department has succeeded in lifting the freezing of 113 million euros of Libyan funds in Italy.

The Foreign Law Cases Department has succeeded in lifting the freezing of 113 million euros of Libyan funds in Italy.

The Committee for Disputes Abroad in the Department of Law Cases in the Libyan State announced, on Sunday, that it had succeeded in lifting the seizure on state funds from some Italian companies with a number of Italian banks “Unicredi, BNL, ABC” to meet the debt of 113 million euros.

The administration said, on its official page, that this amount represents the value and interets on the judgment issued in its favor by the International Chamber of Commerce in Paris in 1987 and recognized it in Italy in 2010, indicating that the Rome Primary Court ruled on November 19 to nullify the seizure procedures and consider it as never happened and the same court ruled By lifting the reservation by the companies to meet their debts on the accounts of the Libyan Embassy in Rome and the General Consulate at the Ubay Bank and BNL Bank, so that these accounts enjoy judicial immunity.

It is worth noting that the Committee for Disputes Abroad in the Law Cases Management announced early last November that the Libyan state was spared half a billion euros, the value of a settlement agreement concluded by one of the sovereign ministries with the French company “Sorelik”.

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