28 October 2016
Libyan Investment Authority (incorporated under the laws of the State of Libya) v Goldman Sachs International [2016] EWHC 2530 (Ch), 2016] All ER (D) 120 (Oct)
The Chancery Division dismissed the claims of the claimant organisation, which made investments for the Government of Libya, against the defendant bank. The claimant had been unable to prove that there had been undue influence on the part of the bank, and therefore it was unable to set aside a number of disputed trades on the ground that they had been unconscionable bargains.
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