BR Shetty: Barclays wins right to claw back $131m from NMC founder
Barclays can enforce a $131 million judgment to recover unpaid bills from embattled NMC Health founder Bavaguthu Raghuram Shetty following…
Legal
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Lebanese judge imposes travel ban on central bank governor amid probe
A Lebanese judge said on Tuesday she had imposed a travel ban on central bank governor Riad Salameh, who is…
KWM Strengthens Middle East Presence
Asia’s top tier international law firm King & Wood Mallesons (KWM) is continuing to strengthen its Middle East practice with…
Saudi Superyacht Dispute Pits Credit Suisse Against Gulf Prince
Credit Suisse Group AG is pursuing a Saudi prince in court, alleging he failed to repay the bank around $78…
Saudi prince at war with bank over £48M super-yacht
A Swiss bank is pursuing a Saudi prince in court over claims he failed to pay back millions in interest…
United Arab Emirates: How To Be Protected From Bank Fraud And Procedures To File A Complaint
Bank frauds are of different kinds and can include different types of financial crimes. It is critical to build awareness…
The Law Office of Salman M. Al-Sudairi and Latham Advise on the first ever IPO of a technology start-up in Saudi Arabia
The Law Office of Salman M. Al-Sudairi and Latham & Watkins LLP have advised Jahez International Co. for Information Systems…
Saudi cabinet approves law of evidence to develop the legislative system
Saudi Arabia’s cabinet approved a law of evidence to develop the Kingdom’s legislative system on Tuesday. Crown Prince Mohammed…
Walkers Fundamentals White Paper 2021 – Regional Update: Asia & MENA
It has been another twelve months in which the extraordinary has become the norm, the unthinkable the mundane. Lockdowns…
Dubai Courts begin decriminalising bounced cheque cases
Dubai courts started implementing new amendments to the Commercial Transactions Law that decriminalise issuing cheques without sufficient funds. As…
Appeal dismissed in landmark multi-billion dollar fraud trial
The Cayman Islands Court of Appeal has dismissed an appeal by Saudi Arabia’s Algosaibi Group in its litigation against Cayman-based…
Cayman Grand Court opens the floodgates to derivative claims by limited partners
In Kuwait Ports Authority & Another v. Port Link GP Ltd. & Ors (FSD 236 of 2020, unreported, 25 November…