KUWAIT – Sheikh sues UBS over verbal ‘recruitment’ contract

August 2013

A Kuwaiti sheikh is suing UBS for USD21.4m, alleging the bank failed to pay him for helping it become lead arranger on a USD9bn asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard last month. Sheikh Meshal Jarah al-Sabah, a member of Kuwait’s ruling family, says UBS recruited him with a verbal contract in July 2009 to...

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KUWAIT – Sheikh sues UBS over verbal ‘recruitment’ contract

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