The issue in this case concerns the control of the accounts of the Libyan embassy in London held with the claimant, British Arab Commercial Bank Plc. The defendant is the National Transitional Council of the State of Libya, which on 27 July 2011 was recognised by Her Majesty’s Government as the ‘sole governmental authority in Libya’. The Foreign and Commonwealth Office has been represented at the hearing. The legal representatives of the government which was previously recognised have been given the opportunity to attend, and the hearing was adjourned to enable them to do so. However they have notified the court that they have been unable to obtain instructions, and do not intend to appear. In short, the issue arises because the Bank has received conflicting instructions as to the operation of the accounts. It brings these proceedings for declaratory relief under Part 8 CPR.
Blair J
[2011] EWHC 2274 (Comm)
Bailii
England and Wales
Banking, International
Updated: 22 December 2021; Ref: scu.443318