December 4, 2020

AHAB v SICL & Others: the most significant fraud trial ever to be heard in the Cayman Islands

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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 v SICL & Others; the most significant fraud trial, both in terms of value and […]

The Editor Speaks: Biggest trial ever heard in the Cayman Islands gets world wide attention. Insane.

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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 (https://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 courts between the Al Gosaibis and Maan Al Sanea over who was to blame for […]

Cayman Islands: Hon. Chief Justice’s Judgement on the AHAB v SICL and others

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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 the 1940s. Hamad died in 1969 and was succeeded by his three sons, Ahmad, Abdulaziz, […]