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

LIA rival chairmen agree to resolve rift, say Presidential Council order is illegal

Posted on 05 September 2016

The two claimants to the position of Chairman of the Libyan Investment Authority (LIA) in Tripoli and Tobruk, AbdulMagid Breish and Fawzi Omran Farkash, met on August 29 to resolve the long-running dispute between the LIA in Tripoli and the parallel LIA operation in Tobruk.
Both sides agreed to restore the LIA’s Litigation Committee, which was originally established by the Tripoli-based LIA’s Chairman, Breish, in 2013 with the aim to supervise the international litigations he initiated to recover sums that were misappropriated from the Libyan people, including those misappropriated by Goldman Sachs and Société Générale………………………………………..Full Article: Source


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