Legal Archives - Page 56 of 221 - Managers of Wealth Middle East

UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers

November 7, 2019

In Singularis Holdings Ltd (In Official Liquidation) v Daiwa Capital Markets Europe Ltd ([2019] UKSC 50), the Supreme Court upheld…

Legal

Saudi threatens expat employers with jail terms

November 6, 2019

Saudi Arabia has threatened to impose of jail terms and huge fines for transporting or recruiting what it is classifying…

Fraud & Ethics

$2m fraud in Dubai: How two men conned bank customers

November 5, 2019

A bank manager and an investor have both been convicted by a Dubai court on Monday on charges of fraud…

Legal

Afghan Pols’ Secret Dubai Mansions

November 5, 2019

Leaked documents have unmasked senior Afghan officials and their families as recent owners of luxury offshore property in Dubai, The…

FinTech

Canadian in Dubai Arrested for Fraud, Including Crypto Fraud via Habibi Coin, the “Bitcoin of the Middle East”

November 4, 2019

A Canadian living in the Burj Khalifa, Dubai’s most famous luxury building, has been arrested for serial fraud, including cryptocurrency…

Executive Moves

International law firm appoints Head of Middle East

November 3, 2019

International law firm Pinsent Masons has appointed Catherine Workman as Head of Middle East. Catherine has been with the…

Awards and Recognition

Maples Awarded for Groundbreaking Deal at IFLR Middle East Awards

November 1, 2019

The Maples Group has announced that it has once again been recognised at the 2019 IFLR Middle East awards that…

Hedge Funds & Alternative Investments

Credit Suisse: Saudi Aramco Deal Beckons

November 1, 2019

The initial public offering of Saudi Aramco, the world’s largest oil producer, will probably take place in December. Credit Suisse…

FinTech

Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors

October 31, 2019

In a strange irony, ‘serial multimillionaire’ Dubai based entrepreneur and philanthropist, Aziz ”Com” Mizra, was taken into custody early on…

Legal

GCC rate cuts: UAE residents will now be able borrow money for lower rates

October 31, 2019

The Central Bank of UAE and other leading central banks across the GCC cut their key interest rates late on…

Executive Moves

DWF appoints banking & finance partner to continue ME expansion

October 31, 2019

Global legal business DWF has named Majed Almarshad as a partner in the banking & finance practice of its Dubai…

Legal

Saudi Arabia's new bankruptcy law faces key test in the courts

October 30, 2019

World Bank Senior Research Director said that the merit of Saudi Arabia's new bankruptcy law, part of efforts to help…

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