By Maya Lester KC & Michael O’Kane

Supreme Court of Bermuda does not allow LIA to redeem shares

The Supreme Court of Bermuda, a British Overseas Territory, has upheld Cornhill Natural Resources Fund Limited’s (the Fund) decision not to allow the Libyan Investment Authority (LIA) to redeem investment shares held in it by its nominee HSBC (link to judgment here). The Fund argued that, under The Libya (Restrictive Measures) (Overseas Territories) Order 2011 as amended (which implements UN sanctions...

This content is for subscribers only

To continue reading please login or subscribe.

LibyaLibya United KingdomUnited Kingdom

About Maya Lester KC

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

See profile for Maya Lester KC >

Share this page on: