COURTS: Citigroup Fails to Block Second Arbitration Attempt by ADIA

Posted on 01/14/2015

The Abu Dhabi Investment Authority (ADIA) is not giving up on legally pursuing Citigroup over its November 2007 investment which cost the sovereign wealth fund billions. At that time, ADIA invested US$ 7.5 billion in exchange for a 4.9% stake in Citigroup. The Gulf-based sovereign wealth fund is using all legal options to recover its […]