17.10.2016 - Goldman Sachs wins $1.2bn dispute with Libyan SWF
Libyan Investment Authority was attempting to claw money from nine equity derivatives investments carried out in 2008, which turned out to be worthless. A British court has ruled on in favour of Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion sovereign wealth fund over derivatives trades, dismissing claims that the investment bank had abused the fund's trust. The Libyan Investment Authority (LIA) was attempting to claw back the $1.2 billion from the Wall Street giant in relation to nine equity derivatives investments carried out in 2008, which turned out to be worthless............................................Full Article: Source
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