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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Goldman withdraws attempt to stop $1bn Libya fund dispute

Posted on 20 August 2014

Goldman Sachs has withdrawn an application to have a $1bn lawsuit filed by the Libyan Investment Authority, a former client, thrown out of an English court ahead of trial. The US investment bank has withdrawn its request for a summary judgment in the dispute lodged at the High Court, it confirmed on Tuesday.
A summary judgment is when a matter is determined before trial, and Goldman’s withdrawal of its application removes one hurdle that the LIA would have had to overcome before getting a full hearing of the evidence in court………………………………………..Full Article: Source


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