By Libya Herald reporter.
Tunis, 6 August 2015:
A . . .[restrict]British Court ruled in favour of Libya yesterday in a case contesting the ownership of a property in the UK.
A British Virgin Island company was contesting a court order to handover a UK property to the Libyan state. The court order in favour of Libya was based on the fact that the property was unlawfully purchased using Libyan state funds by one of Qaddafi’s sons.
A director of the British Virgin Island company had claimed that his company held the property in trust for the Libyan state, but the judge ruled that the property was owned solely by the Qaddafi son, and since it was purchased unlawfully using Libyan state funds, the property returns to the Libyan state.
MS-Legal were acting for the Libyan state. [/restrict]
