Even under Sharia Law, very strict conditions have to be met before this severe punishment [chopping off a thief’s hand] is applied. Since the Penal Code deals with theft — for which the penalty is a fine and/or jail — this means a person found guilty of theft will not necessarily have their hands chopped off,”
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.
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.
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.
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).
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.
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.
