UK court rules in favour of Goldman Sachs in $1.2 billion dispute

UK court rules in favour of Goldman Sachs in $1.2 billion dispute
 

A UK court has ruled in favour of Goldman Sachs in a $1.2 billion (0.98 billion pounds) dispute with Libya's $67 billion sovereign wealth fund over nine disputed trades, a spokesman for Goldman Sachs said on Friday.
The Libyan Investment Authority (LIA) was attempting to claw back $1.2 billion from the Wall Street giant in relation to nine equity derivatives trades carried out in 2008, which expired worthless.
(Reporting by Claire Milhench; editing by Jeremy Gaunt)
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14 October 2016 in Business, Views: 39
Source: Reuters
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