Clydes to work Gaddafi connections
Libya may not be the most popular country in the West right now, but for Clyde & Co, which acts for Colonel Gaddafi, it offers lucrative business opportunities.
Colonel Gaddafi
The firm is building up a list of clients poised to invest in Libya, as political tensions mount between the UK and US over the release of Lockerbie bomber Abdul Baset Ali al-Meghari.
Clydes partner Paul Turner, who handles defamation issues for Gaddafi, said the firm believes that Libya, Iraq and Iran will emerge as some of the most lucrative markets of the future.
“The oil countries are going to be extremely important,” he added. “Iraq, Iran and Libya have all had their political problems, but if it goes well with the Iraqi elections that will change.”
Readers' comments (3)
Anonymous | 7-Sep-2009 4:02 pm
Nice to see Clyde's taking the same moral high ground as our glorious government...
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Nick Budd | 8-Sep-2009 9:35 am
One of the problems in dealing with Iran & Libya (particularly Iran) is that they tend not to trust, and often do not retain, Western lawyers, which makes negotiations very difficult and issues (particularly wording issues) unnecessarily difficult and time-consuming to resolve. If Clydes has developed a measure of trust among some key ministries in these countries as a result of insurance, shipping and, why not, defamation work, this could be a lucrative and useful practice area.
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ScoobyDooDoo | 9-Sep-2009 9:37 am
Good business is where you find it.
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