Thursday 7 January 2010

Judge puts brake on al Sanea case

A judge has ordered a halt to evidence gathering in a dispute between Ahmad Hamad Al Gosaibi and Brothers and the Saudi billionaire Maan al Sanea, saying he was not convinced the hearing should be in his court.

“I am very, very concerned that these cases do not belong here,” said the New York state Judge Richard B Lowe at a hearing late on Tuesday, according to a Zawya Dow Jones report.

The judge’s demand relates to cases originally filed last summer by the Dubai-based Mashreqbank against Al Gosaibi and a Bahraini banking subsidiary called The International Banking Corporation (TIBC).

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