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Goldman Sachs wins its dispute with Libya's $60 billion wealth fund

Goldman Sachs won their dispute in the UK's high court against Libya's $60 billion (£42 billion) sovereign wealth fund. The Libyan Investment Authority claimed it lost more than $1 billion (£750 million) on nine trades executed by Goldman Sachs in 2008 on banks such as Citigroup and UniCredit, as well as the French company EDF. "There was no protected relationship of trust and confidence between Goldman Sachs and the LIA," Mrs Justice Rose said in a London court ruling on Friday.
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