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OIC Concerned Over British House Of Commons Bill On Libyan Asset Freeze

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OIC concerned over British House of Commons bill on Libyan asset freeze

2018-10-27
The Organization of Islamic Cooperation (OIC) expressed concern over British House of Commons intention to vote a bill

The Organization of Islamic Cooperation (OIC) expressed concern over British House of Commons intention to vote a bill, on 26 October 2018, making provisions for the imposing of additional unilateral restrictions on Libya’s frozen funds and use of these assets to pay financial compensation on alleged charges against former Libyan regime which were settled decades ago in a tradeoff between the Libyan and British governments.

Considering the British Asset Freezing (Compensation) Bill, targeting a state member of the OIC and other international organizations, a breach to relevant UNSC resolutions that have confirmed the Libyan peoples’ right to recover these funds subsequently and in the shortest possible time, the OIC General Secretariat calls on the House of Commons and the British government to exercise wisdom in due respect for the legal and moral foundations of international law, built on mutual trust, cooperation and the pacta sunt servanda (agreements shall be complied with) rule.

Source: https://www.oic-oci.org/topic/?t_id=20157&t_ref=11532&lan=en