David Haigh trial opens in Dubai in dispute with Bahrain’s GFH Capital
David Haigh, a former deputy chief executive of GFH Capital, the investment banking arm of GFH Financial Group, has been…
Legal
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Jury Hears Closing Arguments in Transition Fraud Trial
A Boston jury heard closing arguments today in the trial of Ross McLellan, the former State Street executive accused of…
UAE regulator asks listed companies to declare exposure to Abraaj
United Arab Emirates’ top securities regulator has asked UAE-listed companies to declare their exposure to Dubai-based private equity firm Abraaj,…
Middle East Legal Awards 2018 – Banking, Finance and Restructuring Team of the Year: Stephenson Harwood
Finalists: Afridi & Angell; Al Tamimi & Company (Highly Commended); Baker McKenzie; Clyde & Co; Dentons; Eversheds Sutherland; Shearman &…
Abraaj heads towards liquidation
Embattled Dubai-based private equity fund, Abraaj Capital, is planning to apply for provisional liquidation to fight back against two creditors…
Banks and Cryptocurrencies Global Evaluation: The Middle East
Arab markets were flooded with new investors in April after an Islamic scholar announced cryptocurrency is halal under Sharia law.…
Current themes in private wealth structuring
At Ogier we continue to see Jersey trust companies winning substantive mandates for new private wealth structures. Plainly this…
Kuwaiti public entity aims to liquidate Cayman-registered firm
The Cayman-registered Abraaj Holdings – a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions…
Abraaj pressured to restructure $1 billion debt
A large creditor of Abraaj Group wants a Cayman Islands court to oversee the debt restructuring of the private-equity firm,…
Atlas Jewellery owner let off after 3 years in Dubai jail
NRK industrialist and owner of a transnational jewellery network, Atlas Ramachandran, 75, who has been in a Dubai jail for…
Israelis among nearly 500 arrested over alleged online fraud in Phillipines
Philippine police say they have arrested nearly 500 people, including eight Israeli nationals, who they say are involved in an…
UAE law changes provides a new dawn for foreign investors
It is perhaps one of the most significant changes to the UAE economy since the 2002 freehold law allowed foreigners…