15.06.2015 - Opposing Libya wealth fund factions seek common ground in bank lawsuits
Two opposing factions of the Libyan Investment Authority are to apply to the UK High Court for a receiver and a manager to handle two separate lawsuits- against Goldman Sachs and Société Générale. Lawyers representing two opposing factions of the Libyan investment Authority are to apply to the UK High Court for a receiver and a manager to handle two separate lawsuits it is bringing against the Goldman Sachs and Société Générale. The LIA is suing Goldman and SocGen in two unrelated cases, but litigation has “ground to a halt” in recent months as two rival factions are each claiming to represent Libya’s sovereign wealth fund...............................................Full Article: Source
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