Power struggle over Libya’s LIA spills into UK High Court - FT.com:
"A power struggle between Libya’s rival political factions has spilled over into the UK’s High Court where the Libyan Investment Authority is fighting two fiercely disputed lawsuits against Goldman Sachs and Société Générale.
Hassan Bouhadi — the LIA chairman appointed by the internationally recognised government based in Tubruq — last week launched legal proceedings in London’s commercial court asking an English judge to determine who has the ultimate authority to appoint directors to manage Libya’s $66bn sovereign wealth fund.
Mr Bouhadi claimed he was bringing the application because recent claims by third parties to have authority over the LIA had severely impaired the LIA from managing its assets and disrupted litigation in the UK courts."
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