Judgment
Ahmad Hamad Algosaibi and Brothers Co v Saad Investments Company Ltd and Maan Al‑Sanea and Others - Ruling
FSD 0054/2009 (ASCJ) · 2010-04-19
Section 97 Companies Law – lifting statutory liquidation stay; Proprietary tracing claims; Constructive trust assertions over assets of 17 Saad companies; Interaction between AHAB’s Cayman action and Saudi jurisdiction challenge; Continuation of Cayman WFO; Norwich Pharmacal–type disclosure obligations; Liquidators’ duties; Risk of dissipation; Conditions for lifting stay and preserving freezing relief
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 and Maan Al‑Sanea and Others - Ruling |
| Judgment Date | 2010-04-19 |
| Subject | Section 97 Companies Law – lifting statutory liquidation stay; Proprietary tracing claims; Constructive trust assertions over assets of 17 Saad companies; Interaction between AHAB’s Cayman action and Saudi jurisdiction challenge; Continuation of Cayman WFO; Norwich Pharmacal–type disclosure obligations; Liquidators’ duties; Risk of dissipation; Conditions for lifting stay and preserving freezing relief |
| Filename (current) | 10-04-19-Ahab-v-Saad-Investments-Company-Limited-and-Maan-Al-Sanea-and-Others.pdf |
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