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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

Gaddafi sovereign wealth fund shares frozen by UK company

Posted on 02 March 2011

From Guardian: Pearson has frozen the stake held by the Libyan Investment Authority, one of the five biggest shareholders in the Financial Times owner, after taking legal advice that it is subject to a government order.

On Monday Pearson began a legal investigation to determine who the beneficial owner of the stake is in order to ascertain if the investment needed to be frozen in line with a UK government order to block the assets of Muammar Gaddafi and five members of his family…………………………………….Full Article: Source

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