January 17, 2022

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 […]

Epic Saudi fraud trial coming to a close in Cayman court

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By Eugenio Montesano From International Advisor One of the biggest trials in Cayman Islands history involving the Middle East’s longest-running business feud is coming to an end after a year in court. Saudi Arabian hospitality, food and real estate group Ahmad Hamad Al-Gosaibi & Bros. (Ahab) collapsed in 2009. As a result, Ahab was unable […]

Fees over collapse of Al-Gosaibi Saudi business empire ‘could hit $1 billion’ [biggest trial in the history of Cayman Islands]

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By Frank Kane From Arab News DUBAI: Lawyers, accountants and other professional advisers stand to make up to $1 billion in fees as a result of the collapse of the Saudi Arabia-based Al-Gosaibi business empire in 2009, one of the senior executives at the heart of the affair has told Arab News. The 70-year-old Al-Gosaibi […]