Akers v Samba Financial Group [2017] UKSC 6

286 views · Published 8 February 2017 · 7:50 · Indexed 30 September 2026

Channel: marcuscleaver · 2017 · Education

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Shares worth more than $300m were transferred to Samba Financial Group from Al-Sanea who held those shares on trust for Saad Investments Co Ltd. The problem was that Saad Investments Co Ltd had alreadyy gone into liquidation six weeks prior. In examining whether this transaction was void the Supreme Court had to consider international law, Saudi Arabian law and the law of the Cayman Islands. What does this perspective tell us about our own English legal system and its role in the world?

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