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Kuwaiti Businessman Sued In London For £8M Guarantee
Law360, London (January 26, 2021, 5:17 PM GMT) A Kuwaiti lawyer has sued a businessman in London for allegedly failing to repay an £8 million ($11 million) debt that he had guaranteed.
Abdulaziz Alsanad, a qualified lawyer practicing in Kuwait and chief executive of the Sanad Holding Group, said in a Jan. 20 filing at the High Court that he is suing Dr. Abdulla Al-Humaidi for the money. Al-Humaidi guaranteed the money would be paid back by Kuwaiti European Holding Group, Alsanad alleges.
Al-Humaidi is the chief executive of Kuwaiti European, which holds an investment in his family s assets. ....

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