Saudi Bank Denied Legal Docs On Eve Of Fraud Trial

Law360, London (October 2, 2020, 1:55 PM BST) -- A judge barred a Saudi Arabian lender on Friday from obtaining an expert legal opinion on securities law ahead of a trial that could force the bank to account for $318 million siphoned from an investment company by a former billionaire.

Judge Timothy Fancourt rejected Samba Financial Group's application for disclosure at the High Court, which would have forced the liquidator of Saad Investments Co. Ltd. to hand over their expert's report on Saudi law from a separate lawsuit in the Cayman Islands.

Both the London litigation and the Cayman's case are linked to Saudi billionaire Maan Al-Sanea, who transferred millions...

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

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!