VOL. XXXI
NO. 2
19-OCTOBER-1987
Financial and Banking News
REGIONAL BANKING
US Allows Bankers Trust to Repay Libya
The US Treasury Department on 9 October licensed Bankers Trust to honor a UKHigh Court ruling and repay a deposit of $292mn, together with interest anddamages, to the Libyan Government. The British court had ruled in favor of theLibyans at the beginning of last month (MEES, 7 September), and Bankers Trusthad been preparing to appeal the decision, on the assumption that the USGovernment...
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