Legal Opinion on the Implications of the Current Events Concerning Gaza

The Scheme Advisory Board (SAB) has been made aware that a number of administering authorities have received letters that allege that they are acting unlawfully by holding, and failing to divest from, investments in companies which have been linked to the ongoing situation in the Middle East. Specifically, Counsel was asked for an opinion on the allegation that funds might face future criminal action by the International Court of Justice or have liability in domestic law under the Terrorism Act 2000 or the International Criminal Court Act 2001, as a result of holding such investments.

You can find the legal opinion on the Local Government Pension Scheme and implications of the current events concerning Gaza here which was published by SAB 24th October 2024