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Al-Khorafis compensated

Members of Kuwait’s prominent Al-Khorafi family have prevailed in the final stage of a landmark legal dispute in Dubai over mis-sold financial products, securing substantial compensation in the process. Judgement was handed down on 29 January by the Dubai International Financial Centre (DIFC) Court of Appeal on a case that has its origins a decade ago. It is notable for being the region’s largest ever financial mis-selling case and for involving the first non-voluntary winding up of a DIFC company by its courts.

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