Hamdan Al-Shamsi in the News
Our client had a press conference yesterday and indicated how happy they are about their legal positions in regard to the cases which are handled by the Hamdan Al Shamsi team.
News
Hamdan Al Shamsi Lawyers & Legal Consultants, the firm acting for the Al Khorafi family, the case is being closely observed by the international banking world
One of two defendants in the biggest ever financial mis-selling case in the GCC region, Bank Sarasin-Alpen (ME) Limited, the former Middle East affiliate of co-defendant Swiss Private Bank J. Safra Sarasin, has failed to meet the requirement of the Court of the Dubai International Financial Centre (DIFC) to deposit the sum of US $35,028,474.00 (its share of US $70 million damages) by 1st February 2016pending the two banks’ appeal against record damages awarded against them.
Last week’s judgment follows the $10.4m in compensation that the courts awarded the family
Kuwait’s Khorafi family yesterday said it was planning to file a new multimillion-dollar claim against its former investment advisers, the latest development in the long-running row over a series of investments that went bad during the financial crisis in 2008.
Swiss Private Bank Loses Appeal and Pays the Sum of $35 Million
The two defendants in the biggest ever financial mis-selling case in the GCC region, Swiss Private Bank J. Safra Sarasin, have lost their first appeals against the record judgement issued against them by the Court of the Dubai International Financial Centre (DIFC).
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J. Safra Sarasin and its authorized subsidiary, Bank Sarasin-Alpen (ME) Ltd which has now ceased operations, is nearing a conclusion following a new DIFC court ruling.
100 Most Powerful Arabs Under 40Hamdan Al Shamsi
Hamdan Al Shamsi is one of the leading entrepreneurs in the UAE, having founded his first company at the age of 23. Educated in the UK and having worked for some of the most recognized companies in the UAE, Al Shamsi enjoyed early success in his career. However, his passion was to always be his own boss and own his own firm. In 2011, Al Shamsi launched Hamdan Al Shamsi Lawyers and Legal Consultants, which has grown from an operation of two people to a team of over 25 within three years.