Our litigation team succeeded in winning a dispute arise between our client, a Real Estate Company against a leading financing and investment Company in the region. The dispute was arisen in March 2015, when the Investing Company brought action against our Client to initiate execution procedures at the Capital Market Authority (CMA) for 59 million shares owned by the Client in two different companies. Our litigation team played a great role in handling the dispute from the Court of First Instance to the Court of Cassation by successfully argued status of our client and their compliance with Kuwaiti laws. The Court of Cassation dismissed the case and ruled in favor of our client, by nullifying the CMA’s decision of executing against client’s shares.
Qutyaba Al Saeed – Lawyer and Head of Litigation Department
Ismail Megaly – Senior Associate
Ahmed Farag – Associate