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Emirati Scrap Seller Can t Ax Hearing Over $45M Loan Debt
Law360, London (February 16, 2021, 4:42 PM GMT) A Dubai shipping broker will have to testify about a $45 million loan dispute via video link after a judge ruled on Tuesday that a recent landmark decision on the global reach of U.K. criminal authorities does not block him from giving evidence.
Shipping broker Muhammad Tahir Lakhani lost his attempt to avoid a video hearing to be held next week connected to a loan dispute with the Oslo-based Nordic Trustee AS and two other private equity funds. The High Court has ruled that the hearing could go ahead via video link from the United Arab Emirates.
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Emirati Scrap Seller Can t Ax Hearing Over $45M Loan Debt
Law360, London (February 16, 2021, 4:42 PM GMT) A Dubai shipping broker will have to testify about a $45 million loan dispute via video link after a judge ruled on Tuesday that a recent landmark decision on the global reach of U.K. criminal authorities does not block him from giving evidence.
Shipping broker Muhammad Tahir Lakhani lost his attempt to avoid a video hearing to be held next week connected to a loan dispute with the Oslo-based Nordic Trustee AS and two other private equity funds. The High Court has ruled that the hearing could go ahead via video link from the United Arab Emirates.