Tag Archives | BDO

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 […]

Rival LIA Chairmen Disagree on Court Findings

By Padraig O'Hannelly. The High Court in London has published the reasons for its recent decision to adjourn the case in which it was asked to decide which of the rival regimes in Libya should be treated as the government of the country. The case arose from the fact that two competing appointments had been […]

Court Adjourns Case over Libyan Sovereign Wealth Fund

A British High Court has adjourned a case on Monday in which it was asked to decide which regime in Libya should be treated as the government of the country. The case arose from the fact that two competing appointments to the Chairmanship of the Libyan Investment Authority (LIA) had been made, with Hassan Bouhadi […]

Court date set for Libyan Investment Authority Hearing

Reuters reports that the Commercial Court in London has set 7th March as the date to start hearing the case between the rival leaderships of the $67-billion Libyan Investment Authority (LIA). Both the Tripoli-based AbdulMagid Breish, and Malta-based Hassan Bouhadi, who was appointed by the internationally recognised government in Tobruk, claim to be the legitimate Chairmen […]