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Algosaibi Family Ordered by British Court to Reveal Saudi Arabian Assets

added by California Lawyer in Banking & Investment Law Lawyer @ Jul 7, 2011 17:43

Algosaibi Family Ordered by British Court to Reveal Saudi Arabian Assets. Saudi Arabia’s Algosaibi family and their company, which defaulted in 2009, were ordered by a U.K. judge to disclose their assets after admitting liability in a $250 million lawsuit by HSBC Holdings Plc (HSBA) and four other banks.

Source: Algosaibi Family Ordered by British Court to Reveal Saudi Arabian Assets

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