News from AHAB

Jun 04, 2013, 13:46 ET

Simon Charlton Named New Head of AHAB

 Effective June 1, Simon Charlton joined Ahmad Hamad Algosaibi & Brothers Company (AHAB) as Chief Restructuring Officer and Acting Chief...

May 21, 2013, 11:42 ET

AHAB Responds to Sonecon's Report and Teleconference on "The Importance of International Standards in Managing Defaults in Islamic Finance"

 Sonecon and DCI Group (both Washington D.C.-based firms) have been hired by a mystery client to write and publicize a report that admonishes...

Mar 11, 2013, 02:00 ET

AHAB's Claims Against Maan Al Sanea Companies To Proceed to Trial in Cayman

 The Grand Court of the Cayman Islands has rejected the latest efforts by the Liquidators of Maan al Sanea's companies in the Cayman Islands to...

Oct 10, 2012, 20:30 ET

AHAB Wins California Court Order Against Glenn Stewart

 A Los Angeles federal court on Tuesday refused to dismiss a lawsuit brought by Ahmad Hamad Algosaibi & Brothers Company (AHAB) against...

Sep 25, 2012, 17:36 ET

AHAB Wins New York Appeal in Al Sanea Bank Fraud Case

 Today the ­­­Appellate Division of the Supreme Court of New York reversed a decision in a dispute involving Ahmad Hamad...

Aug 01, 2012, 12:10 ET

Grand Court of the Cayman Islands Issues $2.5 Billion Payment Order Against Maan Al Sanea in Algosaibi Fraud Case

 The Grand Court of the Cayman Islands issued an order in favor of Ahmad Hamad Algosaibi & Brothers (AHAB) directing Maan Al Sanea to pay...

Jun 14, 2012, 15:00 ET

Grand Court of the Cayman Islands Issues Interim Award in Algosaibi Fraud Case and Orders Maan Al Sanea to Pay $2.5 billion

 The Grand Court of the Cayman Islands issued a ruling in favor of Ahmad Hamad Algosaibi & Brothers (AHAB) requiring Maan Al Sanea to pay...

Nov 08, 2011, 00:01 ET

Grand Court of the Cayman Islands Awards Default Judgment Against Maan Al Sanea

The Grand Court of the Cayman Islands granted a default judgment today in favor of Ahmad Hamad Algosaibi & Brothers (AHAB) against Maan Al...

May 20, 2011, 14:36 ET

New York Court Rules in Favor of AHAB on U.S. Discovery Issue

The Hon. Jed Rakoff of The United States District Court for the Southern District of New York ruled today that Ahmad Hamad Algosaibi &...

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