Goldman Sachs Defeats Libyan Wealth Fund in UK Court Over Derivatives Suit

After a high-profile battle in the U.K. high court, Goldman Sachs Group Inc. won the lawsuit regarding the Libyan Investment Authority (LIA) suing the bank for US$ 1.2 billion over losses from derivatives that LIA bought in 2008. These were over nine disputed trades. The LIA was represented by Enyo Law LLP, while Goldman Sachs was represented by Herbert Smith Freehills LLP.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute
institutional investor investment mandates