Tag Archives | BDO LLP

LIA Litigation Cmte Restored to fight Goldman, SocGen

By Padraig O'Hannelly. The rival Libyan Investment Authority (LIA) leaders in Tripoli and Tobruk have agreed to restore the LIA’s Litigation Committee, to supervise the fund's international legal cases against Goldman Sachs and Société Générale (SocGen). The Litigation Committee was originally established by Mr AbdulMagid Breish (pictured), as Chairman of the Tripoli-based LIA, in 2013, but was […]

LIA Progresses Litigations against Goldman Sachs, SocGen

At a hearing in the English High Court today (Thursday), Mr Justice Flaux approved the Libyan Investment Authority’s (LIA) application to appoint interim receivers on its behalf to manage the litigations against Goldman Sachs, Société Générale S.A. and others. The order today allows for the appointment of partners in BDO LLP as receivers to manage […]

Rival LIA Factions unite Against Goldman & SocGen

A statement issued on behalf of the Tripoli-based group which is fighting for control of Libya's $60-billion sovereign wealth fund has confirmed that both sides will unite in their legal action against Goldman Sachs and Societe Generale. AbdulMagid Breish (pictured), who was recently reinstated by the Tripoli-based Court of Appeal as Chairman and CEO of […]