Dubai Bank Fights To Collect $430M Debt Against Jailed Brit

Law360, London (October 24, 2019, 7:43 PM BST) -- An United Arab Emirates lender fought to keep a U.K. court out of its efforts to recoup at least $430 million from a British expat jailed in Dubai for fraud, telling a London judge that the businessman has always known he risked a lengthy prison sentence if he did not pay up.

A lawyer for the Dubai Islamic Bank PJSC urged a High Court judge to stop Charles Ridley from suing it in the U.K. to end enforcement efforts against him in the Gulf state. Ridley was sentenced to 10 years in 2011 after being convicted of bribing the bank’s employees...

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