The Libyan Investment Authority (LIA) represented by Enyo Law, has settled its longstanding dispute against Herbert Smith Freehills (HSF) client Societe Generale (SocGen) and Mishcon de Reya client Walid Giamhi.
The LIA had sued Libyan businessman Walid Giahmi in 2014 in connection with an alleged $58m bribe paid to him by SocGen. The LIA has been fighting a number of cases to recoup losses made on deals during the financial crisis, including a separate action against American bank Goldman Sachs, which was dismissed after a two month trial last year.
