UK high court sets aside statutory demand as breaching the EU’S sanctions on the Libyan investment authority

Mrs Justice Rose this week gave judgment in Maud v The Libyan Investment Authority [2015] EWHC 1625 (Ch), setting aside the Libyan Investment Authority’s statutory demand for payment under a 2008 guarantee on the grounds that making payment to the LIA would breach the EU’s sanctions regime relating to Libya (which had the effect of freezing the guarantee and preventing…