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

Libya Accuses Goldman Sachs of Bribery in Bid to Appeal Lawsuit

Posted on 08 November 2016

The Libyan Investment Authority tried to resurrect its lawsuit against Goldman Sachs Group Inc. by adding new accusations of bribery, less than a month after a crushing courtroom defeat in London.
But Judge Vivien Rose said at a hearing Friday that the appeal had no chance of success and ordered the sovereign wealth fund to pay Goldman at least 8.5 million pounds ($10.6 million) for legal costs. The LIA has one last chance to keep its lawsuit alive, by making a direct application to the appeals court………………………………………Full Article: Source


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