Tag Archives | Walid Giahmi

SocGen to pay $1.1bn to end LIA Law Suit

By John Lee. French banking giant Societe Generale (SocGen) and the Libyan Investment Authority (LIA) have announced that they have resolved all matters between them concerning the disputed financial transactions that have been the subject of long-running legal action in the English High Court. According to the joint statement, the terms of the settlement are […]

Businessman told to Disclose more Records

A Libyan businessman has been ordered by the British High Court to disclose additional phone and banking records in relation to the case in which the Libyan Investment Authority (LIA) is pursuing French bank Societe Generale (SocGen) for some $2.1 billion relating to a series of disputed trades. According to Reuters, the LIA claims that SocGen […]