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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Law firm sues Kuwaiti developer over sukuk offering

Posted on 16 July 2010

From Thenational.ae: Hogan Lovells, an international law firm, is suing a Kuwaiti developer for US$155,711 (Dh571,900) of allegedly unpaid fees related to a sukuk offering, according to documents filed in the Dubai International Financial Centre Courts.
Abyaar Real Estate Development, a publicly traded company that has 13 projects in Dubai, planned to offer a sukuk in 2008. Hogan Lovells was contracted by Barclays Capital and National Bank of Dubai to handle the legal arrangements for the offering at a cost of up to $225,000, court documents show……………………………………….Full Article: Source

 
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