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Clifford Chance

Clifford Chance


Financial sanctions affecting Libya – Further Update

5 May 2011

As detailed in our March 2011 briefing, since February, the United Nations, the United States and the European Union have all imposed sanctions on the Libyan government and select Libyan companies, which to date have reportedly resulted in the freezing of Libyan state assets estimated at $120 billion.

In this briefing, we consider recent developments in relation to the sanctions affecting Libya, against a backdrop of ongoing military operations for which no immediate end is in sight.

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