French investment bank Societe Generale has come to a $1bn settlement of a case brought by the Libyan Investment Authority (LIA), the country’s sovereign wealth fund. The settlement is a breakthrough for the LIA, which lost a similar case against another investment bank, Goldman Sachs, in October.
But the government’s access to its own sovereign reserves is still complicated by the ongoing political divisions in the country, in particular the disputed leadership of both the LIA and the Central Bank of Libya (CBL). (CONTINUED - 1310 WORDS)
