Law

Dana’s board requested guidance from SCA
19 April 12:19 PM Dana Gas’ shareholders OK contested dividends
Abu Dhabi – Mubasher: Dana Gas’ annual general meeting (AGM) has declined the board’s recommendation for the postponement of the distribution of a 5% cash dividend. The board recommended the dividends in March but it advised shareholders later to …
IFA is expected to receive OMR 3.1 million
12 April 12:12 PM IFA may receive $8m from Oman’s preliminary court ruling
Mubasher: International Financial Advisors (IFA) announced that the court in Oman has issued a preliminary ruling in favor of IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM). IFA is expected to receive OMR 3.1 …
The order was requested by Putnam SPV 4
8 April 10:52 AM English court injuncts Dana Gas in Sukuk Case
Abu Dhabi - Mubasher: Dana Gas has received an interim injunction and interim anti-suit injunction from the English High Court of Justice concerning its ongoing Sukuk Case. The order was requested by Putnam SPV 4, which is a US-based special …
The ICAO will set the date for the investigation of the complaint
2 April 07:43 PM UAE files complaint as Qatari jets extend violations
Abu Dhabi – Mubasher: The UAE has filed an official complaint with the International Civil Aviation Organisation (ICAO) against Qatar, following a group of incidents in which Qatari jets intercepted Emirati civilian airplanes. “The UAE had filed a …
Arabia Investments submitted a lawsuit against Peugeot
26 March 07:23 PM Arabia Investments files EUR 150m lawsuit against Peugeot
Cairo – Mubasher: Arabia Investments, Development, and Financial Investment Holding Company has submitted a lawsuit to the Cairo Economic Court, requesting a compensation of EUR 150 million from Peugeot. Speaking on the sidelines of a roundtable …
Zain will file an appeal against this court ruling
18 March 02:41 PM Zain to pay KWD 11.5m on court ruling
Mubasher: The Kuwaiti court has ordered a ruling against Mobile Telecommunications (Zain) to pay KWD 11.57 million to the undersecretary of the finance ministry of Kuwait. The court ruling was issued on 15 March in a lawsuit filed by the …
“The orders also apply to Dana’s board of directors"
13 March 11:58 AM Sharjah Court shrugs off UK legal orders in Dana’s sukuk case
Abu Dhabi – Mubasher: The Sharjah Court of First Instance issued orders regarding Dana Gas’ sukuk case prohibiting the Abu Dhabi-listed energy company from withdrawing, discharging, or abandoning the court’s orders in favour of Dana or the …