29 MARCH 1993
Financial and Banking News
Al-Ghanim Suit May Be Overtaken by further Write-off of Consumer Debts
The London court hearing the petition for the winding up of Yusuf Ahmad Al-Ghanimwill take evidence from both sides during the next two months, and thenreconsider the case in court on 26 May. The plaintiffs, ABN-Amro, Bank of Tokyoand Gulf International Bank, are claiming that the company has defaulted onprincipal and interest totaling about $45mn (MEES,...