We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Jailed UK Expat Sues To Make Dubai Bank Drop $500M Claim

Law360, London (February 27, 2019, 6:27 PM GMT) -- A British businessman who has been jailed for nearly a decade by Dubai authorities for $430 million in allegedly unpaid debts tied to a purportedly fraudulent investment scheme has asked a London judge to force an Emirates lender to drop its latest collection efforts so that he might go free. 

Charles Ridley has asked the High Court to bar the Dubai Islamic Bank PJSC from demanding repayment of a $500 million loan, arguing that the lender's claims breach an agreement he signed in 2007 that aimed to restructure the debt, according to a particular of claims filed Feb. 19.

"The claimant...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections