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UK court rules in favour of Goldman Sachs in $1.2 bln dispute
October 14, 2016 / 1:13 PM / in a year

UK court rules in favour of Goldman Sachs in $1.2 bln dispute

LONDON, Oct 14 (Reuters) - A UK court has ruled in favour of Goldman Sachs in a $1.2 billion dispute with Libya’s $67 billion sovereign wealth fund over nine disputed trades, a spokeman for Goldman Sachs said on Friday.

The Libyan Investment Authority (LIA) was attempting to claw back $1.2 billion from the Wall Street giant in relation to nine equity derivatives trades carried out in 2008, which expired worthless.

Reporting by Claire Milhench; editing by Jeremy Gaunt

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