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By Maya Lester KC & Michael O’Kane

UK removes Libyan Arab African Investment Company from sanctions list

29 June 2026

UK removes Libyan Arab African Investment Company from sanctions listMistervlad/Shutterstock.com

The UK has delisted the Libyan Arab African Investment Company (LAAICO) following an official decision-making process.

LAAICO was UK-designated in 2020 when the Libya (Sanctions) (EU Exit) Regulations 2020 were introduced. It had previously been subject to sanctions in the UK by operation of the pre-EU Exit sanctions regime (Regulation (EU) 2016/44) for being linked to the former Quadhafi regime.

Reasons were not provided for delisting LAAICO. The EU removed LAAICO from its sanctions list in 2022 after the EU General Court said it did not meet the listing criteria under Reg 2016/44 (Case T-267/20).

See our UK delisting page for delisting procedures.

Regimes / Regions

Sanctioning States

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Maya Lester KC
By Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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