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

Libyan sovereign fund recovers $127 million from Lehman, Cornhill Capital

Posted on 26 September 2016

Libya’s $67 billion (£51.6 billion) sovereign wealth fund has recovered $73 million from the bankrupt Lehman Brothers and $53.8 million from Cornhill Capital after lengthy legal battles, the fund said in a statement.
The Libyan Investment Authority (LIA) is involved in a number of disputes with Western firms, not least its $3.3 billion claims against investment banks Goldman Sachs and Societe Generale, which are being pursued in London courts…………………………………….Full Article: Source


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