Abu Dhabi's The National reported on 3 August 2010 that the thrust of recent Cayman and US court rulings is that the claims by the Al Gosaibi group against Mr al Sanea should be heard and decided in the Middle East, and that Saudi Arabia is the appropriate location.
Some commentators are claiming that "AHAB blew this thing up and now it has returned home where, arguably, it should have been dealt with in the first place."
The National's Frank Kane writes: "Two court rulings last week, one in the Cayman Islands, the other in New York, have thrown the spotlight back on Saudi Arabia in the region’s longest-running corporate confrontation – the stand-off between the al Gosaibi family and one of its members by marriage, Maan al Sanea, the head of the Saad Group."
Mr Kane states: "Observers such as bankers, lawyers, accountants, investigators and media people interpreted the Cayman and New York rulings as good for Mr al Sanea. From the beginning he has insisted the kingdom was the appropriate place for the matter to be decided and he feels he will get a fairer hearing there."
Read the full article here .
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