SUBSCRIBERS
Battle between rival heads of Libya's US$67b fund reaches UK court
Published Mon, Mar 7, 2016 · 09:50 PM
London
A LONG-RUNNING dispute over the leadership of Libya's US$67 billion sovereign wealth fund reached London's High Court on Monday, potentially paving the way for litigation against two global investment banks to move forward.
The Libyan Investment Authority (LIA) wants to pursue Goldman Sachs and Societe Generale in the English courts for more than US$3 billion it claims were mismanaged. Both banks have rejected the allegations.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal