06/10/2013
South African banks may hold $1B in gold, diamonds stolen by Qaddafi
More than a billion dollars in cash, gold and diamonds believed looted by late Libyan strongman Muammar Qaddafi during his 40-year reign
Legal
06/09/2013
Shearman focuses on Egypt as arbitration in the region grows
International arbitration head Emmanuel Gaillard is interviewing at associate level and is thought to be after at least two more Arabic speakers to service cases in the Gulf Region.
06/08/2013
Norton Rose Fulbright eyes further Africa growth with Egypt, Kenya on agenda
We have a strong presence in Africa and we constantly keep further opportunities under review.
03/25/2013
SNR Denton makes all-female partner round with four EMEA promotions
This year's promotions come after the firm's EMEA arm made up three lawyers last year, with all of which were based in the UK, including two in London and one in Milton Keynes.
03/10/2013
Loyens & Loeff advised Al Masah Capital Limited on the first UCITS IV-compliant fund platform in the MENA region
The Investment Management teams of Loyens & Loeff in Dubai and Luxembourg advised AMCL on the structuring, drafting and operational setup of the new umbrella fund.
11/19/2012
FATCA Model 2 Agreement Released - Withers
Model 2 essentially builds upon the foundation of Model 1 with some significant differences
09/10/2012
Ashurst acts for Fajr Capital on acquisition of stake in MENA Infrastructure Fund
The MENA Infrastructure Fund is a $300m Dubai-based specialist asset manager established in 2007 to invest in infrastructure and energy projects in the Middle East and North Africa.
07/10/2012
Michael Jackson memoribilia part of U.S. case against African leader
Legislation to thwart such abuses of the U.S. financial system has failed to get traction in Congress over the years, but two Senators are pushing it again this year.
05/30/2012
EFG-Hermes linked to Egypt graft claims
Gamal and Alaa Mubarak, as well as the two chief executive officers and a former CEO of the Cairo-based investment bank EFG-Hermes, are being charged with corrupt stock exchange dealings worth more than $400m in connection with the 2007 sale of Al-Watany
04/26/2012
Libyan wealth fund to appeal against asset seizure in Italy
Italian financial police had seized the assets saying they belonged to members of the Gaddafi family, but the Libyan Investment Authority (LIA) said that was not true.
09/07/2011
Brazil Blocks Transfer to Libya to Prevent Funding for Qaddafi
A Brazilian court blocked dividend payments from a bank indirectly controlled by the Libyan central bank to prevent the proceeds from funding supporters of ousted leader Muammar Qaddafi.
09/01/2011
Libyan citizens in UK have funds unfrozen
Libyan citizens in UK have funds unfrozen
07/04/2011
HSBC's Libya links questioned after second leak
Richard Alderman, director of the Serious Fraud Office, said in an interview with Bloomberg that the organisation was in talks with its US counterparts about allegations of bribery.