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Saad Investments Company Limited v Ahmed Hamad Algosaibi and Brothers Company

On 31 May 2018, the Chief Justice of the Cayman Islands handed down a judgment, which runs to over 1000 pages, following the trial of the claim brought by Ahmed Hamad Algosaibi and Brothers Company (“AHAB”) against Saad Investments Company Limited (“SICL”), Singularis Holdings Limited (“Singularis”) and a number of other companies incorporated in the Cayman Islands (the “Defendants”), each of which is now in liquidation. Michael Crystal QC, Mark Phillips QC and Marcus Haywood of South Square, assisted from London by Andrew Shaw, successfully represented SICL and Singularis in their defence of AHAB’s claim for in excess of US$4 billion.