Saudi Sues Ex-Partner Again For £4.4M Post-Settlement

Law360, London (November 22, 2019, 4:19 PM GMT) -- A Saudi Arabian businessman who recently agreed to settle his suit accusing a former partner of defrauding him out of £35 million ($45 million) in property developments has filed a new claim alleging that the terms of the deal have been breached and he’s still owed £4.4 million.

Abdullah Nasser Bin Obaid's High Court fraud claim over the U.K. investment property went to trial this summer but the proceedings came to an abrupt end on June 19 when the parties informed the court they were ready to reach a deal.

The accord with his former partner Khalid Abdullah Al-Hezaimi was short-lived,...

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