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Kuwait: Family wins case against Credit Suisse, despite criticisms

A wealthy Kuwaiti family is in line for a substantial, but still to be finalised pay-out, after winning a case in the High Court in London on 27 November against Credit Suisse (UK) Ltd. Mahmoud Haji Haider Abdullah and three of his sons – Maytham, Mahdi and Mansour – sought damages having claimed the bank had provided unsuitable investment products.The Kuwaitis had come to the attention of the bank in 2003 when the Haider family sold its interest in Wataniya Telecoms, generating $150m in cash.

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