The Libyan Investment Authority’s (LIA) long-running, three-year claim against Socie´te´ Ge´ne´rale (SocGen) came to an end on the eve of a 14-week trial at the beginning of May, with SocGen agreeing to pay U.S.$1.05bn (€963m) to settle the dispute.

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Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...