Suq Al Mal

The Financial Sector in the GCC

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Showing posts with label Fortis. Show all posts

Showing posts with label Fortis. Show all posts

Friday, 30 July 2010

AlGosaibi v Maan AlSanea - Almost "Fixed"

There has been a remarkable reversal of fortune of late for AHAB. First was the decision by Trowers and Hamlins back in June to sue AHAB...

Tuesday, 27 July 2010

AlGosaibi v Maan AlSanea - Fortis Bank v ADIB - Fortis Drops "Structured" Bombshell

Warning: Ethics Depicted in Picture May be Smaller Than They Appear In my earlier post analyzing the Awal Bank L/C I spent a bit of ...

Monday, 26 July 2010

AlGosaibi v Maan AlSanea - BNPP versus Abu Dhabi Islamic Bank in re TIBC L/Cs

In discussing the Fortis lawsuit against ADIB , I mentioned that ADIB was also a defendant in a lawsuit brought by BNP Paribas' "F...

Monday, 19 July 2010

AlGosaibi v Maan AlSanea - Fortis Bank versus ADIB - The Letter of Credit

See important additional information here on Bunge's role in transaction and ADIB's knowledge of the nature of the transaction. As...

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