2024-05-12 00:27:31
The Libyan Investment Corporation reported that the appointment of a judicial receiver over its funds is by agreement of the opponents or by a judicial ruling.
The Foundation added in a statement yesterday that the state order issued by the President of the Ajdabiya Court of Appeal of First Instance to appoint a judicial watchdog committee over the Foundation is not a judicial ruling issued in a lawsuit, “but rather a state order issued without the representation or presence of opponents.”
The Foundation pointed out the rules of spatial jurisdiction regarding the court competent to hear lawsuits and issue state orders related to the Foundation as a defendant, adding that the matter is within the jurisdiction of the North Tripoli Court of First Instance and the Ajdabiya Court of First Instance does not have jurisdiction to issue this order.
The Foundation recalled the circular of the Department of Inspection of Judicial Bodies of the Supreme Judicial Council addressed to the heads of the courts of first instance in Libya, stating that the way to request judicial protection for rights and legal positions is through filing a lawsuit and not through orders on petitions.
On April 16, the Ajdabiya Court of First Instance issued an order imposing judicial receivership and appointing judicial guards over the funds and revenues of the Libyan Investment Corporation based on the request of the Prime Minister-designate of Parliament, Osama Hammad.
Source: statement
2024-05-12 00:27:31