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Kuwaiti Businessman Denies £8M Owed In Family Dispute
Law360, London (April 7, 2021, 5:34 PM BST) A Kuwaiti businessman has denied that he provided an £8 million ($11 million) guarantee for his family s debt that he said has already been discharged through handing over commercial properties, after a lawyer sued for the money in London.
Dr. Abdulla Al-Humaidi said in a filing at the High Court in London that he did not make a personal guarantee in February 2019 that Kuwaiti European Holding Group would pay lawyer Abdulaziz Alsanad s family three million Kuwaiti dinar ($10 million) by September of that year.
Al-Humaidi is the chief executive of Kuwaiti European, a company which holds an investment in his.