Sovereign Wealth Fund Weekly News Roundup: SWFs Facing Difficult Relationships with Stakeholders

May 15, 2015 by Loch Adamson

Sovereign Wealth Fund Weekly News Roundup: #SovereignFund's Difficult Relationships with Stakeholders
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LIA’s Power Struggle Continues The Libyan Investment Authority (LIA), has appointed a new legal team to take over the two separate lawsuits it is pursuing in London courts, one against New York-based Goldman Sachs Group and the other against Paris-based Société Générale (SocGen). LIA’s former lawyers, Enyo Law, resigned last month and solicitors at Keystone Law are reportedly taking over the two cases. LIA has been operating from its new office in Valletta, Malta, as the civil conflict in Libya brought two governments, both battling for the ownership of the fund's $60 billion in assets and each appointing their own management team. In a further twist, the fund's former chairman, Abdulrahman Benyezza, who was ousted in a boardroom battle in October 2014, is hoping for a favorable so-called direction hearing, a preliminary briefing ahead of full proceedings to establish if he is…

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