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ARTICLE · 21 JUNE 2018

Walkers Leads Landmark Defence Of Mega-Litigation

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Judgment has today been handed down by the Honourable Chief Justice of the Grand Court of the Cayman Islands in the matter of Ahmad Hamad Algosaibi Brothers Company v. Saad Investments Company Limited...

Cayman IslandsLitigation, Mediation & Arbitration
Walkers
Walkers
Lindsay Hamilton
Lindsay Hamilton
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Judgment has today been handed down by the Honourable Chief Justice of the Grand Court of the Cayman Islands in the matter of Ahmad Hamad Algosaibi Brothers Company (AHAB) v. Saad Investments Company Limited (In Official Liquidation) (SICL) and Others, a case in which claims and counterclaims at their height amounted to over US$17 billion.

Walkers, instructed by Steve Akers, Hugh Dickson, Mark Byers and Julie Nettleton of Grant Thornton represented 9 of the 16 Defendants in this litigation, including the principal Defendant, SICL. All of the claims against Walkers' clients were dismissed while findings of institutionalised fraud and dishonesty were made against the Plaintiff, AHAB.

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