Cayman Islands: AHAB v Saad – importance of a particularised and principled tracing claim
By Harneys From Lexology In the Ahmad Hamad Algosaibi & Brothers Company (AHAB) v Saad judgment handed down on 31 May 2018, AHAB’s attempts to trace into the hands of the defendants were addressed (for further details please see “Grand…
AHAB v SICL & Others: the most significant fraud trial ever to be heard in the Cayman Islands
By partners Colette Wilkins & Shelley White, Walkers Cayman Islands Introduction After a trial lasting a little over a year, the Chief Justice of the Grand Court of the Cayman Islands has handed down judgment in the case of AHAB…
The Editor Speaks: Biggest trial ever heard in the Cayman Islands gets world wide attention. Insane.
It was like a John Grisham novel after reading the summaries provided to the media and published here on iNews Cayman on May 31 2018 (http://www.ieyenews.com/wordpress/cayman-islands-hon-chief-justices-jugement-on-the-ahab-v-sicl-and-others/). It was a landmark case and followed a 10-year dispute played out in international…
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Cayman Islands: Hon. Chief Justice’s Judgement on the AHAB v SICL and others
NOTE: See also related story published in iNews Cayman today “Walkers Leads Landmark Defence of Mega-Litigation” IMAGE (left) Billionaire Al-Sanea Executive Summary 1.Ahmad Hamad Algosaibi Brothers partnership, or AHAB, has its origins in a business began by Hamad Algosaibi in…
Harriet Fear Davies returns to [Devereaux] Chambers after 129 day trial in Cayman Islands
From Devereaux Harriet has returned to her normal London-based practice after the conclusion of the trial in AHAB v Al Sanea and others. The case arises from the collapse of Ahmad Hamad Al Gosaibi & Brothers (AHAB) in Saudi Arabia…
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Cayman Islands: Justice on display
Last Updated: 24 January 2017 From Mondaq Article by Morven McMillan and Maxine Bodden Maples and Calder Not that long ago, personal records were written by pen or typewriter. Copying them required more handwriting, carbon paper or a time consuming…
Algosaibi Groups signs Settlement Agreement
Algosaibi Groups signs Settlement Agreement with Claimant Steering Committee – largest trial in history of the Cayman Islands begins in AHAB case against Al Sanea Liquidators AL KHOBAR, Saudi Arabia, July 24, 2016 /PRNewswire/ — Coinciding events in the last…
Multi-Billion-Dollar International litigation begins in Cayman Islands
The eyes of the international financial community around the world will be on the Cayman Islands beginning Monday (18 July), when the largest trial in the history of this jurisdiction, with billions of dollars at stake, begins in Grand Court….
AHAB settlement proposal following Cayman’s CJ’s decision
AHAB Settlement Proposal to Break Years of Deadlock; Financial Institutions Asserting Claims are Invited to May 7 Meeting in Dubai WASHINGTON, March 31, 2014 /PRNewswire/ — Ahmad Hamad Algosaibi & Brothers Company (“AHAB”) announced today that it has invited financial…
