Judgment
Ahmad Hamad Algosaibi and Brothers Co v Saad Investments Company Ltd, Maan Al‑Sanea and Others - Ruling
FSD 0054/2009 (ASCJ) · 2011-07-06
Approval of court‑appointed receivers’ fees; entitlement to fees from company assets as first charge; application of Capewell and Boehm v Goodall principles; allocation of fees among companies; no cross‑company recovery; receivers’ indemnity from AHAB is contractual matter; objections by NCADs rejected; adjournment‑related costs not awarded; no order as to costs
Full metadata
| Cause Number | FSD 0054/2009 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | Ahmad Hamad Algosaibi and Brothers Co v Saad Investments Company Ltd, Maan Al‑Sanea and Others - Ruling |
| Judgment Date | 2011-07-06 |
| Subject | Approval of court‑appointed receivers’ fees; entitlement to fees from company assets as first charge; application of Capewell and Boehm v Goodall principles; allocation of fees among companies; no cross‑company recovery; receivers’ indemnity from AHAB is contractual matter; objections by NCADs rejected; adjournment‑related costs not awarded; no order as to costs |
| Filename (current) | 11-07-06-Ahab-and-v-Saad-Investments-Company-Limited-and-Maan-Al-Sanea-and-others.pdf |
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