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Scandal-Scarred Middle Eastern Bank Loses Case

Scandal-Scarred Middle Eastern Bank Loses Case

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Asia Sentinel
Feb 07, 2019
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Scandal-Scarred Middle Eastern Bank Loses Case
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FBME, the rogue Middle Eastern bank that wouldn’t die, has been dealt what is seemingly yet another final blow with a decision by a tribunal of the Paris-based International Chamber of Commerce, to reject a US$1.4 billion arbitration claim brought by Lebanese brothers Ayoub-Farid and Fadi Saab that the island nation of Cyprus had wrongly expropriated th…

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