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

Court date set for Libyan sovereign fund dispute

Posted on 25 February 2016

A London court date has been set to resolve a long-running dispute over the leadership of Libya’s $67 billion sovereign wealth fund, potentially paving the way for litigation against two investment banks to move forward.
The Libyan Investment Authority (LIA) is mired in a power struggle between two would-be chairmen, Hassan Bouhadi and AbdulMagid Breish. A hearing will be held in the Commercial Court in the week beginning March 7, with the aim of determining which of the LIA’s two rival chairmen has the authority to bring litigation against Goldman Sachs and Societe Generale……………………………………….Full Article: Source


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