Final arguments in ex-minister case on Sept 15

The Dubai Appeal Court (Commercial) has specified September 15 for both the defence and the appellant lawyers to submit their closing arguments in the case of former minister KBF regarding imposition of receivership on the company subject of the dispute.

The defence lawyer Sameer Jaafar submitted on Wednesday a memorandum in reply to the appellant lawyer’s memorandum submitted at the last hearing.

He stressed in his defence that the sentence of the First Instance Court that turned down the imposition of receivership case filed by the sister of the deceased Lebanese businessman was correct as it was based on legal cases.

Jaafar, who explained the legal aspects in detail, closed his memorandum while requesting the court to turn down the appeal and to uphold (confirm) the sentence of the First Instance Court, he told Emirates 24|7.

The court has given both the appellant and the defence lawyers until September 15 to make their closing arguments.

The Court of First Instance had rejected imposition of receivership request made by MFJ, sister of the diseased Lebanese businessman. She later appealed the sentence of the First Instance Court.

In 1995, a Lebanese set up a group of companies worth millions of dirhams. As the laws did not allow a 100 per cent ownership, he sought an Emirati’s help to find the legal mode to fully own the companies. This Emirati was the former minister, KBF.

In addition to the group of companies, the businessman also owned a building worth about Dh100 million.

After the businessman died in 2005, KBF claimed he was a genuine partner and shared the money with the heirs of the deceased.

The heirs represented by MFJ had filed a case claiming their full right in the company. In February 2008, the First Instance Court had sentenced KBF to a suspended term of two years in jail. On May 28, 2009, the Court of Appeal acquitted the former minister.

The Cassation Court sentenced him to a suspended one-year jail term as documents proved that KBF was never a partner and that his title in the licence was a service agent against an annual pay of Dh300,000, which was later increased to Dh600,000.

Based on the Cassation Court’s sentence, MFJ filed a case for imposition of receivership of the company subject of the dispute.

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