Middle East Economic Survey

VOL. LIV

No 41

10-Oct-2011

UAE

TAQA Announces Dismissal Of Lawsuit Brought By Former CEO

A lawsuit brought against TAQA, TAQA New World Inc and TAQA General Manager Carl Sheldon by former CEO Peter Barker-Homek has been dismissed, announced the Abu Dhabi-based company on 29 September. The suit was filed in a US court seeking $460mn in compensation and damages, alleging Mr Barker-Homek was forced out after trying to call a halt to kickbacks, bribery, accounting...