Malta releases €300 million in assets belonging to Libya

Malta has released some €300 million in assets belonging to Libyan companies which had been frozen in line with EU and UN sanctions last year.

The sanctions were lifted a few weeks ago.

However, a Foreign Ministry spokesman said about €86 million in assets believed to have belonged to members of Muammar Gaddafi’s family were still frozen.

The assets had been frozen last August at the height of the Libyan crisis.

In February, Malta returned two Mirage F1 fighters which had been held on the island after their Libyan pilots defected at the start of the revolution.

The unfreezing of assets was a subject brought up during meetings between the Maltese government and the new Libyan authorities following the downfall of the Gaddafi regime.

Discussions between Malta and the Libyan transitional government are currently following another important line: the possibility of buying oil and gas from Libya at favourable rates.

Although the talks are still in their early stages, Finance Minister Tonio Fenech last weekend said the Libyans were showing strong signs of goodwill to strike a deal, perhaps due to the help Malta had extended during the Libyan crisis.

Source: Times of Malta 

New Services from SOC Libya

We are pleased to announce that we have now launched new services called LONDON OFFICE SERVICES aimed to help Libyan Business Persons, Government or Local organisation & Companies in the UK.

The main purpose of the London office or bureau is to assist Libyan companies, groups and individuals in the UK.


Why Choose London as a European Headquarters?
• It is one of the most influential cities in the world.
• Great centre for banks and raising international capital.
• Very popular with international businesses, and a home to thousands of companies.
• It has an enormous range of cultural, sports and entertainment activities.
• Multicultural with English as the first language.
• Good international and local transport links.
• Offers a safe and satisfying lifestyle.
• A good centre for property investment.


SOC Libya Services
To apply SOC Libya’s extensive knowledge and range of skills of the UK, international and Libyan Markets, and our network of contacts to provide Libyan individuals and companies with effective support and assistance in the following areas:


 Assist with visits and itineraries or appointment setting etc.
 Help with internal transport, accommodation, hotel, property search etc.
 To represent individuals and companies in the UK.
 Translation and interpreting support.
 Marketing research to find UK, EU or International business partners.
 Help with import/export.

 Marketing services, such as setting up seminars.
 Setting up meeting and appointments in the UK on behalf on their behalves.
 To receive and respond to enquiries and requests.
 To promote businesses in the UK.