VOL. XXXI
NO. 43
1-AUGUST-1988
International and Banking News
REGIONAL BANKING
UK Court Rejects Libyan Plea to Release Frozen Funds
The High Court in London last week rejected a plea by the Libyan Arab ForeignBank for the release of more than $41mn in Libyan funds held at the Londonbranch of Manufacturers Hanover Trust Company of New York in accordance with theJanuary 1986 US freeze on Libyan assets. The plea was based on a High Courtruling last September which ordered Bankers Trust Company of New...
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