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.

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