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

Goldman Sachs wins $1.2bn dispute with Libyan SWF

Posted on 17 October 2016

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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