Stylus Media Press Release for Walid Giahmi

Defendant welcomes dismissal of case over Libyan Investment Authority Gaddafi-era investments His Honour noted that the earlier$200 millioncase of LIA vs J.P. Morgan, in which Mr Giahmi was also a defendant, had also been dismissed on a similar basis by MrJustice Bryanin 2019. [2019] EWHC 1452 (Comm).  The LIA was denied leave to appeal the LIA vs JP Morgan decision. Noting that counsel for the LIA told the judgement hearing that it would not be appealing the court's dismissal of...

His Honour noted that the earlier $200 million case of LIA vs J.P. Morgan, in which Mr Giahmi was also a defendant, had also been dismissed on a similar basis by Mr Justice Bryan in 2019. [2019] EWHC 1452 (Comm).  The LIA was denied leave to appeal the LIA vs JP Morgan decision.

Noting that counsel for the LIA told the judgement hearing that it would not be appealing the court's dismissal of the case, Mr Giahmi said "I sincerely hope that this clears the way for the Libyan Investment Authority to spend more on Libya and less on London lawyers."