الأخبار

As part of its ongoing efforts to preserve Libyan assets, recover stolen funds, and looted artifacts, the Libyan Asset Recovery and management office (LARMO)has announced its support for Libya’s accession to two UN conventions. This significant step comes after the signing by Mr. Taher Al-Baour, the acting Minister of Foreign Affairs for the Government of National Unity, of the **United Nations Convention on Jurisdictional Immunities of States and Their Property** and the **Beijing Convention on the Judicial Sale of Ships** at the United Nations headquarters in New York.

This step follows a series of consultations in which the LARMO participated, aiming to safeguard the Libyan state’s assets abroad from encroachments and protect them from legal claims. The Ministry of Foreign Affairs clarified in its statement that these agreements are part of a comprehensive strategy, involving the Libyan Assets recovery and management office , to protect Libyan assets abroad and strengthen the country’s legal position against any attempts of seizure or freezing.

The official spokesperson for the LARMO confirmed that the office played a key role in paving the way for these agreements by fulfilling its vital mission of tracking, monitoring, and protecting Libyan assets abroad, as well as providing legal and technical consultations to enhance the office’s ability to recover and preserve assets and funds.