11/23/2018
START DATE
END DATE
11/23/2018
AK Bakri & Sons Ltd et al v. Asma Abdul Kader Bakri Al Bakri et al
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Court of Appeal for Bermuda
Commercial Law Family Law
Baker President Kay JA Bell JA
Nathaniel Turner (ASW Law Ltd.)
Unrepresented
FACTS OF THE CASE:
Family dispute over shares and management of AK Bakri & Sons Ltd claims of unfair share distribution and dividend payment issues legal proceedings initiated in Bermuda and sought to be moved to arbitration in Saudi Arabia under Sharia law
SUMMARY:
Whether litigation in Bermuda or arbitration in Saudi Arabia is the appropriate forum enforceability of the shareholders agreement and arbitration clause claim for dividends and share transfer legality
OUTCOMES:
Dismissal of appeal refusal of stay in Bermuda for litigation grant of anti-suit injunction against arbitration in Saudi Arabia
RULED IN FAVOUR OF:
Respondents (Asma Abdul and Faisal Abdul)
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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AK Bakri & Sons Ltd et al v. Asma Abdul Kader Bakri Al Bakri et al
Family dispute over shares and management of AK Bakri & Sons Ltd claims of unfair share distribution and dividend payment issues legal proceedings initiated in Bermuda and sought to be moved to arbitration in Saudi Arabia under Sharia law