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Lakah et al v. UBS AG et al
Case Number:
1:07-cv-02799
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- Bushnell Law Group
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- Elman Freiberg
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May 07, 2019
Businessman Is Wasting Time With Award Fight, Lenders Say
An Egyptian businessman can't escape an arbitration panel's order nixing his counterclaims in a dispute over a $100 million bond debt default, UBS AG and other lenders told a New York federal judge Monday, saying he is wasting the court's time.
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March 06, 2019
Lenders Say Businessman Can't Nix Award Over $100M Bonds
UBS AG and other lenders have blasted an Egyptian businessman's bid to escape an arbitral award stemming from claims that he and his brother looted $100 million in bonds backed by companies they controlled, telling a New York federal court Tuesday that the request is "fundamentally flawed."
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February 05, 2019
Businessman Wants $194M Award Nixed In Egypt Bond Row
An Egyptian businessman urged a New York federal judge Monday to vacate a nearly $194 million arbitral award secured by lenders who claimed he and his brother plundered bonds backed by companies they controlled, saying the arbitrators didn't give him a fair chance to present his case.
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February 24, 2017
Judge Grants Lenders' Wish, Pausing $100M Egypt Bond Row
A Manhattan federal judge on Thursday granted a stay pending arbitration proceedings to lenders who accuse two Egyptian businessmen of plundering $100 million in bonds issued by companies the men controlled, in a move limiting the brothers’ ability to further delay review of the nearly decade-old case.
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February 14, 2017
Judge Says Lakah Bros. Must Face Music In $100M Bond Row
A New York federal judge said Tuesday that two Egyptian brothers must arbitrate with UBS AG and other lenders over $100 million in unpaid corporate bonds, concluding that Ramy and Michel Lakah "dominated and controlled" the companies that backed the debt and must answer for them.
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August 01, 2016
Egyptian Businessmen Not Off Hook In $100M Bond Default
A Manhattan federal judge on Friday refused a bid by Egyptian businessmen Ramy and Michel Lakah to abandon their suit that had aimed to halt their participation in arbitration with UBS and others over their $100 million bond debt default.
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July 05, 2016
Egyptian Brothers Give In Just As $100M UBS Debt Trial Starts
Egyptian businessmen Ramy and Michel Lakah's quest to avoid liability to UBS and other banks for a $100 million bond debt default took a bizarre turn Tuesday when the brothers refused to participate in their own trial, nine years in the making, over whether they would have to submit to binding arbitration.
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June 30, 2016
Judge Sinks Late Bid For $100M Egypt Bond Debt Trial Delay
A Manhattan federal judge on Thursday turned aside an eleventh-hour bid by Egyptian businessmen Ramy and Michel Lakah to delay a trial that will decide if they may be held liable in arbitration to debt investors including UBS AG for $100 million in bond debt that the two brothers controlled.
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June 15, 2016
UBS Can't Use Old Arbitral Evidence In Court, Lakahs Say
Egyptian businessmen Ramy and Michel Lakah blasted a request by a gaggle of banks who blame the brothers for a $100 million debt default to reuse witness statements from an arbitration proceeding that the Lakahs don't want anything to do with, telling a New York federal judge Tuesday that they deserve to cross-examine the witnesses.
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May 27, 2016
No More Delays For $100M Egypt Bond Debt Trial
A July trial on whether businessmen Ramy and Michel Lakah can be held liable in arbitration to debt investors including UBS AG for $100 million in bonds issued to businesses the Egyptian brothers controlled is going forward regardless of Ramy Lakah's purported trouble in obtaining a visa, a Manhattan federal judge said Friday.