Tag Archives | Enyo Law

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 […]

LIA Vows to Continue Goldman / SocGen Litigation

Following the recent report that the law firm representing the Libyan Investment Authority (LIA) in its legal battles against Goldman Sachs and Societe Generale (SocGen) had resigned from the case, the LIA has vowed to continue with its litigation. In a statement issued through London-based strategic communications consultancy Davidson Ryan Dore, the sovereign wealth fund […]

LIA's Lawyers Abandon Goldman Lawsuit

London-based firm Enyo Law, which had been acting on behalf of the Libyan Investment Authority (LIA) in its legal battles against Goldman Sachs and Societe Generale (SocGen), has reportedly dropped LIA as a client. The LIA is claiming $1.2 billion from Goldman and $2.1 billion from SocGen for losses on trades managed by the banks […]