A recent article by Dubai-based journalist, Mark Townsend, posted on consultants Gerson Lehrman Group's website, suggests that "now the dispute is back on home ground", Saudi Arabian royal family intervention is likely in the dispute between Saad Group and Ahmad Hamad Algosaibi Bros.
The article claims "now that both the Cayman Islands and New York have ruled over jurisdiction, the case is likely to see faster progress towards settlement. Events will probably gather pace immediately after the Eid celebrations that follow the muslim holy month of Ramadan."
Mark Townsend is a well-known journalist based in Dubai and is a presenter of Business Breakfast on Dubai-Eye 103.8 FM. He is also Editor-at-Large to Complinet, a regulatory news service, and has served as the Business and Economics Editor at Khaleej Times in Dubai, the Dubai affiliate of the International Herald Tribune. He has interviewed some of the world's foremost politicians and business leaders and attended the World Economic Forum as a Media Leader.
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