Saturday 12 February 2011

Caymans court rejects al Sanea trial delay bid - The National

A court in the Cayman Islands has rejected a move by Maan al Sanea, the Saudi Arabian businessman caught up in one of the Middle East's long-est-running corporate scandals, to delay the start of a fraud trial.

Mr al Sanea, whose Saad Group is involved in a bitter battle with the al Gosaibi business family of Saudi, wanted to appeal to London to have the case delayed in the Caymans pending a resolution in Saudi Arabia.

But a judgment by the island's appeal court, under its president Sir John Chadwick, rejected his application last week. Courts in the Caymans, a British overseas territory, are ultimately answerable to the UK's highest court, the Privy Council.

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