UK's High Court has ordered Goldman Sachs to pay the Libyan Investment Authority (LIA) legal costs of at least £200,000 within 14 days.
The sum could rise to £680,000, covering the cost of the sovereign wealth fund’s response to Goldman’s original attempt to have a case against it thrown out of court. The bank withdrew the application in August, and Mrs Justice Rose said that Goldman’s attempt to throw out the case was misconceived, and should not have been issued.
The two parties will meet again at a case management hearing later this year before a full trial expected in 2016.
(Source: Telegraph, albawaba)