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Abraaj’s Abdel-Wadood pleads guilty in US court

Mustafa Abdel-Wadood admitted to racketeering and fraud, and has agreed to co-operate with the US probe on the fallen emerging markets firm.
Picture by James Clarke. www.jamesclarke.me, james@jamesclarke.me, 07941 676821.

Naqvi lawyer: US ‘political interests’ behind Abraaj charges

Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.

Updated indictment sheds new light on Abraaj case

The document paints a picture of deceit, bribery and personal enrichment at the collapsed emerging markets firm.
Tram running on City Circle line of Sydney Light Rail

Sydney Light Rail legal disputes settled with revised PPP

ALTRAC consortium will inject ‘substantial additional equity’ into the city’s troubled transport project, as Acciona agrees to withdraw its A$1.1 billion legal claim.

A courtroom drama that will turn up the due diligence heat

As the Abraaj case plays out in the criminal courts, the impact on private equity investors and the GP-LP relationship will become palpable.

Unfazed by legal action, TransAlta investors elect management’s preferred board

Shareholders in TransAlta Corporation have backed its management by electing its preferred board of directors. The vote took place after an investor brought a legal challenge to the company’s C$750 million ($557.5 million; €838.8 million) deal with Brookfield Asset Management. TransAlta, one of Canada’s largest power producers, issued a statement on 26 April in which […]

IFM Investors settles sexual harassment case for £270,000

Settlement exceeds the £236,000 that former analyst Nathalie Abildgaard had been seeking at employment tribunal.
Tram running on City Circle line of Sydney Light Rail

Sydney Light Rail’s troubles call PPPs into question

The Public Accountability Committee recommends review following legal dispute between the contractor and the client over costs associated with relocating utilities.

Abraaj dispute prompts lenders to close fund finance loophole

Banks are changing the way security notices are issued to LPs following the firm's collapse.

How Blackstone’s chief counsel puts tech to work

The firm’s chief legal officer John Finley talks SEC settlements and artificial intelligence.
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