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FINANCIAL NEWS
Libya recovers USD127m from Lehman, Cornhill Capital
25 Sep 2016
(MENAFN) Libya”s USD67bn sovereign fund recovered USD73mn from the bankrupt Lehman Brothers and uSD53.8mn from Cornhill Capital after legal battles.
Additionally, the investment authority is involved in a series of disputes with Western firms, not least its USD3.3b claims against investment banks.
Moreover, the dispute with Lehman stems from the collapse of the Wall Street giant in 2008.
The Libyan Investment Authority also recovered USD53.8mn after a three-year battle with UK-based Cornhill Capital.
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