The LIA is pursuing claims for $1.2bn in compensation from Goldman Sachs and $2.1bn from Societe Generale (MEES, 15 May 2015), and has launched legal action against four African countries in an effort to recover what it believes are wrongfully appropriated funds (MEES, 7 August).

The LIA’s case against Goldman Sachs began in the UK High Court in June having been filed in 2014. The LIA alleges that the firm led the LIA to make derivative transactions that it did not understand and in...