Qatar Slams 'Illegitimate' Demand For Info In Currency Dispute

Law360, London (January 2, 2020, 6:08 PM GMT) -- Qatar has provided more details to support its U.K. lawsuit accusing a Luxembourg bank and investment analyst of conspiring with other lenders to rig local currency and bond markets and sabotage its hosting of the soccer World Cup, describing the request for information as “illegitimate and disproportionate.”

The Middle Eastern country is suing Banque Havilland SA and Vladimir Bolelyy, a senior investment analyst at the bank, for allegedly conspiring with other lenders in the United Arab Emirates and Saudi Arabia to destabilize Qatar's financial system during a Saudi embargo of the Gulf state in 2017.

“This is an illegitimate and disproportionate...

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