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Libya, Lockerbie Families Sign Compensation Deal

Libya and lawyers for families of the 1988 Lockerbie bombing victims signed an agreement on Wednesday to create a bank account to hold $2.7 billion in compensation in a key step toward resolving the dispute, a lawyer said. “Libya and the lawyers representing families of the victims have signed an agreement to create the escrow account at the Bank for International Settlements,” said London-based Algerian lawyer Saad Djebbar, who has followed the case since 1992. Following the agreement, Libya is expected to deposit $2.7 billion in the account and to send the United Nations Security Council a letter accepting responsibility for the 1988 mid-air bombing of Pan Am flight 103 over Lockerbie, Scotland, in which 270 people died. Full Story

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