Suq Al Mal

Beatrice and Benedict Discuss the Value Surge 1 February Thompson Reuters reported that following recent reported efforts by the KSA G...

Updated for comments on Chapter 11. Here are some additional details on Awal's filing. The case number assigned by the Bankruptcy Cour...

Here at Suq Al Mal some of the most vigorous exercise we get is from patting ourselves on the back.  Before I head to the showers after th...

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...

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

Citi, the Delegate on Saad's Golden Belt Sukuk 1, has posted a notice on the BSE listing the legal cases  it is aware of involving Mr. ...

In light of my recent post speculating that AlGosaibi was being pressured to accept Grant Thornton's "peace proposal" for a ...

Frank Kane over at The National reports that Grant Thornton is trying to broker a settlement between AHAB and Mr. AlSanea.  Under what is d...

Quoting informed sources, Frank Kane at The National reports that AHAB has offered creditors a cash payment of US$1.8 billion on US$9 billi...

As per the Gulf Daily News ,  Trowers and Hamlins won an important legal victory in US Bankruptcy Court.  The Court ruled that AHAB's Ne...

One of my new and frequent commentators mused whether the fact that Trowers and Hamlins had launched a lawsuit against AHAB represented an...

Frank Kane over at The National conducted an interview with Glen Stewart which was in the June 8 issue of The National. To set the stage,...

  Copyright Allied Artists As reported in the Torygraph , Glenn Stewart has managed to escape from the apparently intolerable conditions he...

Here's an article from the Gulf Daily News in which a forsenic expert is quoted as saying that it is not possible to determine if Sulay...

The Arabic language version of TID's press release is on their site this AM.   I'm looking forward to the English language transl...

This post reviews documents submitted in the case brought by Mashreqbank against TIBC in the Supreme Court of New York State (Case Index #6...

If you've been following this legal battle, you'll know that the the key defense of the AlGosaibis is that there was widespread forg...

Conveniens or Non? Supreme Court of New York State 60 Center Street Manhattan New York City Copyright Djmutex   GNU Free Documentation Lice...

This post reviews documents submitted in the action commenced by Deutsche Bank against The International Banking Corporation in the Supreme ...

The Financial Times reports that a Cayman Islands Court has declared Mr. AlSanea in contempt for violating the US$9.2 billion asset freeze...