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

Following Abu Dhabi’s suit against Citi, will CIC also sue?

Posted on 21 December 2009

From Chinastakes.com:The arbitration application by Abu Dhabi Investment Authority over a disastrous investment in Citigroup has many wondering whether China Investment Corporation (CIC) will initiate a similar action.
In November 2007, Abu Dhabi Investment Authority invested $7.5 billion in convertible Citi bonds, to be converted into common shares at $31.83 to $37.24 per share between March, 2010, and September, 2011…………………………………Full Article: Source

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