SocGen seeks to push back Trial Date

By John Lee.

French investment bank Societe Generale (SocGen) has asked the High Court in London to push back the date of a trial in a dispute with Libya's $67 billion sovereign wealth fund over a series of trades entered into between 2007 and 2009, according to Reuters.

A lawyer acting for SocGen cited the amount of work that still needed to be done before the three-month trial is scheduled to start on January 23, 2017.

The Libyan Investment Authority (LIA) is pursuing the French bank for some $2.1 billion in relation to the disputed trades.

(Source: Reuters)

(Court image via Shutterstock)

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