Battle between rival heads of Libya's US$67b fund reaches UK court
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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.
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