Ashraf Elhadidy
Ashraf Elhadidy
Senior Counsel

Abu Dhabi, UAE – In a significant legal victory, Meysan has successfully secured a favorable judgment for its client, Al Farwaniyah Property Developments LLC, in a high-stakes litigation involving claims exceeding 137,000,000 UAE dirhams.

The case originated when a bank initiated legal proceedings against Al Farwaniyah and other parties, seeking recovery of an amount surpassing 137,000,000 UAE dirhams. The legal team at Meysan adeptly challenged both the standing of its client in the lawsuit and the jurisdiction of the Abu Dhabi courts over the matter.

Through meticulous legal representation, the Meysan team successfully demonstrated to the First Instance Court of Abu Dhabi that Al Farwaniyah Property Developments LLC lacked the requisite capacity to be a party in the lawsuit and that the Abu Dhabi courts were not the proper venue for adjudicating the case.

As a result of these efforts, the First Instance Court of Abu Dhabi issued a ruling in favor of Al Farwaniyah Property Developments LLC, affirming the lack of jurisdiction of the Abu Dhabi courts in this matter. This decision was further reinforced when the Court of Appeal upheld the First Instance Court’s judgment, confirming the initial ruling..

Meysan team was led by partner Abdulla Alnajjar and Counsel Ashraf Elhadidy.

Meysan Advises National Investments Company (NIC) on the Sale of 6.5 Million Shares, Representing 3% of Boursa Kuwait’s Capital
Meysan Advises National Investments Company (NIC) on the Sale of 6.5 Million Shares, Representing 3% of Boursa Kuwait’s Capital

Meysan is pleased to announce its role as legal advisor in the successful execution of National Investments Company’s (NIC) partial exit from Boursa Kuwait. This landmark transaction involved the sale of 6.5 million shares, constituting 3% of Boursa Kuwait’s capital, for a total value of KD 13.3 million. This achievement… Read more

Meysan and Hammad & Al-Mehdar Announce Strategic Alliance
Meysan and Hammad & Al-Mehdar Annou...

Meysan, a renowned law firm known for its expertise in high-stakes litigation, corporate transactions, and advisory services, has joined forces with Hammad & Al-Mehdar Lawyers and Legal Consultants, a leading law firm with offices in Jeddah, Riyadh, Khobar, and Abu Dhabi. This alliance combines the expertise and knowledge of both… Read more

Meysan advised Gulf Insurance Group on their exit from Buruj Cooperative Company
Meysan advised Gulf Insurance Group on t...

Meysan advised Gulf Insurance Group K.S.C.P. (“GIG”), a major insurance group in the MENA region listed on Boursa Kuwait, on their full exit from Buruj Cooperative Company by way of sale of their stake to Cigalah Multi Industries Limited Liability Company.  The exit was successfully completed with the sale of… Read more

AGILITY SECURES ANOTHER BILLION-DOLLAR WIN AGAINST IRAQ KOREK TELECOM.
AGILITY SECURES ANOTHER BILLION-DOLLAR W...

On September 9, 2024, Meysan secured a USD 1.3 billion Final Award for Iraq Telecom, a subsidiary of Agility Logistics, in ICC Arbitration proceedings against Korek Telecom, a major Iraqi telecommunications company.  The dispute related to Korek’s guarantee of the obligations of its DIFC-registered holding company International Holdings Limited (IH)… Read more

Meysan is delighted to announce its role as legal counsel in the successful completion of Arabi Holding Group Company K.S.C. (“Arabi”) capital increase.
Meysan is delighted to announce its role...

Meysan is delighted to announce its role as legal counsel in the successful completion of Arabi Holding Group Company K.S.C. (“Arabi”) capital increase of KWD 36,322,070.820 through a rights issue. The offering of 172,962,242 ordinary shares at an offer price of 210 Kuwaiti Fils per share to existing shareholders raised… Read more

Meysan KSA provides legal advice to Phenna group in connection with it’s acquisition of Cutech
Meysan KSA provides legal advice to Phen...

Meysan Partners’ Riyadh office provided legal advice to Phenna Group in connection with its acquisition of Cutech Group, a leading non-destructive testing business with operations in hashtag#SaudiArabia. Through this hashtag#acquisition, Phenna Group will enhance its offering in Saudi Arabia. Michel G. Ghanem, a Meysan Corporate Partner, was joined by Counsel Neyla… Read more