VOL. XXXII

NO. 21

27-FEBRUARY-1989

Financial and Banking News

INVESTMENT ACTIVITIES

Libya Wins Back Frozen UK Assets

The Libyan Arab Foreign Bank (LAFB) has won a High Court judgement in the UKwhich unblocks some $77mn worth of its funds which had been frozen in the Londonsubsidiary of a US bank under the economic sanctions against Libya imposed bythe Reagan administration. The judgement covers a $41.3mn deposit atManufacturers Hanover Trust In London plus $35.6mn which the bank hadtransferred to...