Saudi businessman defeats BVI liquidators’ US$3.6 billion claim
Credit: shutterstock.com/r.classen
Liquidators from Krys Global in the British Virgin Islands have failed in their bid to recover US$3.6 billion in equitable compensation from a Saudi hotel magnate, after an English court said their pleadings “put the cart before the horse” - but they did win compensation for misappropriation of shares.
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