The case of the day is Libyan Investment Authority v. JP Morgan Markets Ltd.,  EWHC 1452 (Comm). The LIA sued JP Morgan, alleging that a 2007 trade had been procured by fraud. The LIA moved for leave to serve process on two of the defendants, Walid Mohamed Ali Al-Giahmi and Lands Company Ltd., out of the jurisdiction. The two defendants moved to set aside the service on the grounds that the actions were barred by the statute of limitations and that the LIA had been less than frank with the court when it sought leave, ex parte, to serve process out of the jurisdiction. The court granted the motion to set aside the service.