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Ras Al-Khaimah: Court clears way for Rakia to pursue freezing orders against Georgian partner

Ras Al-Khaimah Investment Authority (Rakia) has chalked up a partial victory in a court hearing in London, in the latest stage of a wide-ranging effort to recoup money from former business partnerships that turned sour. In a 19 July judgement, the Court of Appeal in London agreed that Rakia and five other related entities could pursue claims for up to $42.6m against a number of companies linked to Gela Mikadze, Rakia’s former business partner in Georgia.

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