Barclays Seeks Return Of $4.8M For Libyan Boat Crash

Law360, Los Angeles (August 15, 2013, 10:05 PM ET) -- Barclays Bank PLC on Wednesday filed a suit in New York seeking the return of a $4.8 million payment it attempted to send the Libyan government in 1990 that was blocked by American Express Bank Ltd. because of sanctions against that country at the time. 

The complaint accuses AMEX's successor-in-interest, Standard Chartered International (USA) Ltd., of unlawfully holding the $4.8 million, which Barclays attempted to route to the Libyan government in 1990 to cover losses from the wreck of a Libyan-owned oil tanker off the coast...
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Case Title

Barclays Bank PLC v. Standard Chartered International (USA) Ltd.


Case Number

1:13-cv-05672

Court

New York Southern

Nature of Suit

Banks and Banking

Judge

Laura Taylor Swain

Date Filed

August 13, 2013

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