Riyadh, Saudi Fedor Selivanov
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Mohammed bin Issa al Jaber began legal proceedings against the firm in September, seeking the documents. The businessman alleged that the documents would show that Barclays had paid money for a Saudi business licence. He claims that his company, MBI International, lost out as a result of a complicated set of transactions related to the bank.
Pause in proceedings
White & Case had counter sued. The two sides have now agreed to pause the proceedings and to negotiate. Source: Legal Week
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