The London court that ordered the Al Gosaibi family of Saudi Arabia to repay US$250 million (Dh918.2m) of debts has been told its judgment is not enforceable in the kingdom.
Last month, the Al Gosaibi partnership pulled out of a legal action defending itself against claims by five banks including HSBC, and admitted liability for the debts.
But a document filed in the London High Court by a law firm acting for the family partnership, Ahmed Hamed Al Gosaibi and Brothers (AHAB), and seen by The National, disputes the validity of the English court ruling in Saudi Arabia.
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