Credit Suisse Says Libyan Fund's Bribe Claim Is Too Late

By Christopher Crosby (June 28, 2021, 5:11 PM BST) -- The Libyan Investment Authority has run out of time to sue Credit Suisse over alleged bribes paid to a businessman to close a major investment during the last financial crisis, the investment bank said as a trial kicked off on Monday.

Libya's sovereign wealth fund is time-barred from suing Credit Suisse at the High Court over alleged payment of bribes, the bank has claimed. (AP Photo/Keystone, Gaetan Bally) The sovereign wealth fund is time-barred from suing Credit Suisse as it could have launched the fraud lawsuit more than six years before November 2019, when it finally filed the claim with the High Court,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!