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Experience
Project Finance
Privatisation
Banking & Finance
Capital Markets
Dispute Resolution
Company/Commercial
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| All legal proceedings in Saudi Arabia are treated as confidential, and we are prohibited from disclosing details of disputes in which we have acted unless such details have otherwise become public. Cases in which we have recently been involved include the following: |
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| We were recently involved in the first successful challenge to a resolution by the Saudi Arabian Capital Markets Authority under the Capital Market Regulation of 2003 and the Market Conduct Regulation 2004. The Capital Market Authority had brought an action against the CEO of SADAFCO, a listed company, in respect of statements made to a journalist from Reuters, which statements were subsequently misquoted in an article based on the interview. The Committee for the Resolution of Securities Disputes accepted the plea that the Capital Markets Authority's action against SADAFCO's CEO was unfounded since no misconduct was proven, and accordingly set aside the Capital Markets Authority's decision. |
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| We represented an insurance company and its reinsurers in a US$29 million property loss and business interruption claim. |
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| We are conducting several test cases before the newly established Committee for the Settlement of Insurance Disputes, involving a variety of issues including the Committee's jurisdiction. |
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| We provided expert advice on Saudi Arabian law issues in offshore court proceedings involving disputed amounts in excess of US$100 million. |
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| We represent several shipowners and their liability insurers in a series of marine environmental damage test cases, the first such cases under the new Saudi Arabian environmental legislation, which entered into force in October 2003. The first two judgments in these cases were entered in favour of clients in 2008. |
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| We advised a port operator in a successful salvage claim involving a ship and cargo with a combined value in excess of US$120 million. |
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| We advised a major international contracting company in connection with the successful settlement of a substantial construction dispute. |
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| We provided expert advice on Saudi Arabian law to Euler Hermes in Euler Hermes UK PLC v. Apple Computer BV [2006] EWCA Civ 375. |
| English Court of Appeal Judgment 4th April 2006 |
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