Al Khorafi & Ors V (1) Bank Sarasin-Alpen (ME) Limited (2) Bank Sarasin & Co. Limited
Dubai International Finance Centre Court – CFI 026/2009
The substantive litigation concerned the mis-selling of financial investment products to the Claimants. The investments concerned a total sum of USD $230M. Judgment has been obtained and quantum assessed at USD $75M. The substantive litigation is the subject of appeal, however, Shaman has been instructed to advise the Claimants in the first instance on the issue of costs..