Despite the current challenges at different levels, the NOC will remain independent, as the sole legal entity representing the Libyan oil and gas sector and acting on behalf of the Libyan oil and gas sector, NOC will continue its strong partnerships with international oil companies. This decision increases the risk that Libyan oil production will be stopped, as the NOC in Tripoli is the only legal entity with the right to sell oil. It`s a much-anticipated decision after [the Supreme Court`s] decision yesterday to close Memorial International]. We had no illusions about today`s hearing, but it is crucial that this persecution has not discouraged people and, in my opinion, does not force people to stop their work in defence of human rights. The legal entity can be liquidated, but the work remains and the people remain. Let us be very, very clear. Mr. Mallya can move to London. This is UBHL, a legal entity here in India and it is a loan agreement between USL and UBHL. UBHL is not going to London, so we clearly reserve the right to continue, we have started to continue and we will continue to continue. And that does not affect our position in this regard. By 30 March 2019, companies must have a fully authorised legal entity established in the EU27 in order to continue providing services in the EU27.

An organization, such as a corporation or trust fund, that the law treats as a person who can enter into a contract and be sued.