#Banking Lawyers in Dubai

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AWS Legal Group is a global law firm in Dubai with more than 30 years of experience in the Middle East. Our lawyers have worked with individual and corporate clients from more than 40 countries, based out of our offices in the UAE, Iraq, Jordan, Saudi Arabia and the UK. We are unmatched in our dedication to client satisfaction and the provision of professional legal services, and our results speak for themselves.

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Best Legal Services in Dubai

Galadari Law stands out as a top law firm with decades of expertise in a variety of legal industries for the best legal services in Dubai. Their knowledgeable staff offers specialized solutions to satisfy your needs, whether related to real estate, company law, conflict resolution, or personal legal issues. Galadari Law, renowned for its professionalism and extensive understanding of UAE law, is a reliable partner for people and companies looking for the best legal counsel in Dubai.

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NEW YORK (AP) — The National Rifle Association and its former longtime leader were found liable Friday in a lawsuit centered on the organization’s lavish spending.

The New York jury found that Wayne LaPierre, who was the NRA’s CEO for three decades, misspent millions of dollars of the group’s money on pricey perks, and it ordered him to repay the group $4,351,231. Jurors also found that the NRA omitted or misrepresented information in its tax filings and violated New York law by failing to adopt a whistleblower policy.

LaPierre, 74, sat stone-faced in the front row of the courtroom as the verdict was read aloud. The jury actually found him liable for $5.4 million, but it determined he’d already paid back a little over a million.

The verdict is a win for New York Attorney General Letitia James, a Democrat who campaigned on investigating the NRA’s not-for-profit status. It is the latest blow to the powerful group, which in recent years has been beset by financial troubles and dwindling membership. LaPierre, its longtime face, announced his resignation on the eve of the trial.

NRA general counsel John Frazer and retired finance chief Wilson Phillips were also defendants in the case. Phillips was ordered to pay $2 million in damages to the NRA. Frazer, meanwhile, was found to have violated his duties, but was not ordered to pay any money.

The penalties paid by LaPierre and Phillips will go back to the NRA, which was portrayed in the case both as a defendant that lacked internal controls to prevent misspending and as a victim of that same misconduct.

James also wants the three men to be banned from serving in leadership positions at any charitable organizations that conduct business in New York. A judge will decide that question during the next phase of the state Supreme Court trial.

Another former NRA executive turned whistleblower, Joshua Powell, settled with the state last month, agreeing to testify at the trial, pay the NRA $100,000 and forgo further involvement with nonprofits.

James sued the NRA and its executives in 2020 under her authority to investigate not-for-profits registered in the state.

She originally sought to have the entire organization dissolved, but Manhattan Judge Joel M. Cohen ruled in 2022 that the allegations did not warrant a “corporate death penalty.”

The trial, which began last month, cast a spotlight on the leadership, organizational culture and finances of the powerful lobbying group, which was founded more than 150 years ago in New York City to promote rifle skills and grew into a political juggernaut that influenced federal law and presidential elections.

Before he stepped down, LaPierre, had led the NRA’s day-to-day operations since 1991, acting as its face and becoming one of the country’s most influential figures in shaping gun policy.

During the trial, state lawyers argued that he dodged financial disclosure requirements while treating the NRA as his personal piggy bank, liberally dipping into its coffers for African safaris and other questionable expenditures.

His lawyer cast the trial as a political witch hunt by James.

LaPierre billed the NRA more than $11 million for private jet flights and spent more than $500,000 on eight trips to the Bahamas over a three-year span, state lawyers said.

He also authorized $135 million in NRA contracts for a vendor whose owners showered him with free trips to the Bahamas, Greece, Dubai and India, as well as access to a 108-foot (33-meter) yacht.

LaPierre claimed he hadn’t realized the travel tickets, hotel stays, meals, yacht access and other luxury perks counted as gifts, and that the private jet flights were necessary for his safety.

But he conceded that he had wrongly expensed private flights for his family and accepted vacations from vendors doing business with the NRA without disclosing them.

Among those who testified at the trial was Oliver North, a one-time NRA president and former National Security Council military aide best known for his central role in the Iran-Contra scandal of the 1980s. North, who resigned from the NRA in 2019, said he was pushed out after raising allegations of financial irregularities.

After reporting a $36 million deficit in 2018 fueled largely by misspending, the NRA cut back on longstanding programs that had been core to its mission, including training and education, recreational shooting and law enforcement initiatives. In 2021, it filed for bankruptcy and sought to incorporate in Texas instead of New York, but a judge rejected the move, saying it was an attempt to duck James’ lawsuit.

Despite its recent woes, the NRA remains a political force. Republican presidential hopefuls flocked to its annual convention last year and former President Donald Trump spoke at an NRA event earlier this month — his eighth speech to the association, it said.

[sassyfrassboss]

I think she spent a ton on PR. Millions most likely. I also would be willing to bet she spent millions on decorating that house. Their security also has to be pricey because it seems like they hire a ton of guards when they go out for events.

Glad to see you back, for however long we have you. sorry to hijack your inbox..

To your point Sassy, I would like to add/point out something... The luxury lifestyle (faux Royal) Lifestyle MM is trying to emulate is expensive as we have all said before. There is a reason celebrities don't spend the way MM does. And those that do, have money coming in by the tens of millions every year guaranteed, be it real estate, Investments, Own businesses, and stuff like that, the likes of Beyonce, Taylor swift, Lady Gaga, Rihanna, Johnny Depp, Kim K and the rest. They can afford the 24hr high tech security because they can rely on their other incomes to generate revenue (Whilst they sleep they are still earning money) i.e Beyonce (doubt this will happen), she can balance it out by doing a concert in Dubai, for 23 million dollars. (there is a reason they were able to buy the most expensive home in California worth 200 million) or release and album and do a tour like other artists. People like Depp can do it because for their own health (drug/alcohol addiction) and they also amassed wealth to the point it wouldn't hurt them one bit to have said security. Lets not talk about Kim K.

There is a reason actors and A listers don't so security, except for specific events, its expensive, attracts attention, and literally screams look at me.

Buying a 14million dollar home, with a mortgage, property taxes, 24hr security, Household staff, Archewell staff, Private Jets, PR management, Lawyers retainer and fees for all the lawsuits they come up with. exclusive packages, Clothes, Interior design of the olive garden... All of this with no guarantee of returns. (because MM is lazy). I wonder which financial/Wealth manager advised them because... I would have fired them immediately. No wealth manager worth their salt would let their client hedge their bets on the spotify, random house and Netflix contracts that have yet to be fulfilled. They would tell you, let the money come in the bank accounts and then make those purchase... especially during the start of Covid.

As much as i don't like Todger at least he is working for his supper. Heart of Invictus, The South Africa doc (should he get someone good to direct it, it could be good), The Spare, and the interviews/promotion of the book i.e Gabor Mate, Job at Better Up.

Madam got 80M and thought that will be enough? What exactly has she done for that money? The bench? Archetypes?, 40 X40?,Pearl? all flops... her Ideas are not generating income of any kind.

The doc was both of them so credit goes to both.

Great points!

Thanks! I will try and stick around for a few days this time. I do lurk on here but tend to come back for the juicy stuff.

They are living a champagne lifestyle on a basic beer budget.

[awslegals]

AWS Legal Group is a global law firm in Dubai with more than 30 years of experience in the Middle East. Our lawyers have worked with individual and corporate clients from more than 40 countries, based out of our offices in the UAE, Iraq, Jordan, Saudi Arabia, and the UK. We are the best Civil Lawyers in Dubai. We are unmatched in our dedication to client satisfaction and the provision of professional legal services, and our results speak for themselves.

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Ultimate Guide to Starting a Business in Dubai: Everything You Need to Know

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Start business in Dubai can be a rewarding and lucrative endeavor, but it requires careful planning, understanding of the local business landscape, and adherence to the relevant laws and regulations. By following this ultimate guide and seeking professional advice when needed, you can increase your chances of success in this dynamic and thriving business hub.

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Are there lawyers in Dubai who specialize in banking and finance?

Dubai, the financial hub of the Middle East, attracts numerous multinational companies, investors, and financial institutions. This bustling metropolis has become a critical location for banking and finance, and as such, there is a growing demand for legal professionals with expertise in these sectors. Lawyers in Dubai specializing in banking and finance play a vital role in navigating the…

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The Yemeni Oil Business Unites 'Houthi' and Hadi's Government Supporter

As the Yemeni government-owned oil company was filing a complaint at the Public Prosecutor’s office against the oil trader Tawfiq Abdel-Rahim on charges of storing gasoline and causing a crisis in the domestic market, two other traders were completing the paperwork to establish the offshore company Red Sea Refinery Limited. Ahmad Saleh Al-Issi and Hussein Al-Huthaili partnered with Zafar Ikram Sheikh, a Pakistani-born American businessman who resides in Dubai.

In early 2020, Al-Issi was appointed deputy director of the President’s Office for Economic Affairs. He believes he is qualified to be the next president of Yemen. His competitors, on the other hand, describe him as a “crocodile,” and media reports quoted the current Yemeni Prime Minister in his description of Al-Issi as “corrupt.”

In his early days, Al-Issi supervised a gas station owned by his father in the Al Hudaydah Governorate. According to Le Monde, this was the first step that launched his monopoly of the fuel that reaches the port of Aden. This would not have been possible if it had not been for his relationship with the President of the Republic, Abdrabbuh Mansur Hadi when Hadi was the Minister of Defense in the 1990s.

Both Al-Issi and Hadi come from the Abyan Governorate in southern Yemen, and they have a strong relationship that helped them establish a fleet to transport fuel.

This investigation is based on leaked documents obtained by the International Consortium of Investigative Journalists and shared with ARIJ and a large number of publishers around the world within a project labeled as the Pandora Papers. The leaks mark the biggest cross-border journalistic collaboration project in history and include millions of documents from lawyers’ offices about tax havens. They also uncover assets, secret transactions and the hidden fortunes of the rich, including more than 130 billionaires, more than 30 world leaders, a number of fugitives or convicted people alongside sports stars, judges, tax officials, and counterintelligence agencies.

The documents reveal that Al-Issi established an offshore company with Al-Huthaili and Sheikh in the British Virgin Islands on May 7, 2014. Its main purpose was to invest and contribute to other companies, and open a bank account.

Al-Issi made statements in March 2021 on his activities in northern Yemen, which is controlled by the Houthis. He stated, “I challenge anyone to try and prove it. Since the first day of Operation Decisive Storm in March 2015, I have not had any business activities in the Houthi-controlled governorates. My business has stopped as the Houthis have seized some properties such as houses and lands in Sana’a in addition to a hospital. They also shut down the corporate headquarters, my factories and Al-Shifa’s Medical College in the city of Hudaidah. What I am doing now is charity work and paying employees who have been staying at home since 2015.”

These statements do not align with his partnership with Al-Huthaili whose activities have not stopped in the regions controlled by the Houthis, and the transfer of oil there is ongoing.

On October 28, 2015, that is, after Al-Houthi “Ansar Allah” movement took control of most of the northern governorates, the director of the Yemeni Oil Company sent a letter to the acting Minister of Oil to complain about Al-Huthaili’s Company which was selling oil on the black market. The company only seized the oil trucks in the Al-Sabahiyah region, as it does not have any authority in the Ras Issa area of ​​Hudaidah, which is run by Al-Issi. At this point, the Houthis were not in control of Ras Issa or the Hudaidah Governorate.

The same memo accused Al-Huthaili’s company of contributing to the hike in the dollar exchange rate from 215 to 280 Yemeni Riyals at that time. The company emptied the oil in Ras Issa and sold it on the black market. In just one week on the black market, it sold oil for the value of 48 million dollars.

What is the Story of Ras Issa and Al-Issi?

On July 16, 2013, the Yemen Petroleum Company signed an agreement with Al-Issi to establish a company called Ras Issa Oil, which would store and trade oil derivatives in the port of Ras Issa in Hudaidah for a period of twenty-five years.

By this agreement, Al-Issi monopolizes the distribution and transportation of oil derivatives by sea through his tankers.

Under the agreement, the Yemeni government pays US $13 in rent for each ton of oil derivatives operated or stored by the company.

Abdullah Al-Daya’a is the Secretary-General of the Trade Union Coordination Council: At the time, his comments to the workers and employees of the oil company were as follows, “The agreement gives away the rights of the state and commits many legal violations.” According to older statements posted on Mohammad Al-Absi’s blog, Al-Daya’a emphasized the union’s intent to escalate the situation and go on strike in the event the agreement is endorsed by the ministry.”

The agreement includes items such as allowing Al-Issi’s heirs to inherit the right to continue the partnership upon Al-Issi’s death, and the contract would not be rescinded even if he declares bankruptcy.

The expert in Yemeni oil affairs Abdel-Wahid Al-Awbali tells ARIJ, “Oil in Yemen has always been controlled by influential people.” He adds, “For the past 30 years, Al-Issi has monopolized the transport of oil by sea: Ras Issa receives oil from Ma’rib, and then it is transported to the Aden refineries.”

The Corruption Race Between the Government and Al-Issi

In an interview on March 16, 2021, Al-Issi declared war on the Yemeni Prime Minister Mue’en Abdel-Malik who had accused him of corruption, “He has to prove what he claims. He is the Prime Minister: He says I am corrupt and that everything is under my control and that I control the oil. He has to prove that. Our disagreement with Mue’en is not because he is the head of the government nor because he is falling short of his duties but because he is a trader; so, we hold him responsible for part of the corruption.” Al-Issi mentioned that the Prime Minister is linked to large companies and commercial groups that facilitate their work and harness the state’s support. These companies pay their taxes to the Houthis. Meanwhile, the Yemeni Prime Minister reacted by paying Al-Issi’s dues in April of that year because Al-Issi had stated that the Yemeni government owed him money and that it had not paid its debts. This conflict over the import and distribution of oil between Al-Issi and the government is due to the Prime Minister’s decision to develop future plans to allow traders to import oil to stop the monopoly.

Oil Corruption with the Support of the Yemeni Presidency

The oil trade in Yemen is linked to figures that have not changed for twenty-five years because they are connected to positions of power within the state. It is circulated among Yemenis that Hussein Al-Huthaili, who owns an oil transporting fleet, is the front of Vice President Ali Muhsin Al-Ahmar, and Yemeni media outlets have published government directives to facilitate and protect the activities of Al-Ahmar’s institution. Since the beginning of the nineties, Ahmad Al-Issi has had a strong relationship with the President of the Republic, Abdrabbuh Mansur Hadi and his children. The report of the relevant UN panel of experts reveals that the committee has an invoice with due amounts in excess of $3 million issued by the Aden Refineries Company to the ASA Shipping Company FZCo, a subsidiary of the Overseas Shipping and Stevedoring Company. This company is affiliated with the Al-Issi’s group for chartering the crude oil tanker M. Spirit. The Committee is examining the reasons for the delay, which led to the imposition of a fine. The report stated that the committee met with Al-Issi and that he categorically denied all charges and involvement in corrupt operations in running the port of Aden. Al-Issi who is the deputy of the President’s Office for Economic Affairs says that he never benefits from his position and that the Yemeni government owes him money and cannot pay its debts. In October of 2019, citizens of the oil province of Ma’rib protested when Al-Huthaili Corporation was given the exclusive rights to transport oil from Ma’rib to Shabwa. Al-Huthaili’s oil tankers were attacked, and people demanded that the process of transporting oil be handed over to the residents of the region. The same scenario happened in 2021 in the Hadhramaut Governorate when a group of people from the area objected to the transfer of oil from their lands by Al-Huthaili’s Company. In 2021, the Yemeni Minister of Oil sent a message to the governor of Hadhramaut, the commander of the second military region and requested that the oil tankers owned by Al-Huthaili’s Company be protected.

Contradictions

Al-Issi announced that the United Arab Emirates is fighting him and seeking to kill him while his business is launched from Jebel Ali with his partner in the offshore company Zafar Sheikh. Al-Issi says, “I have no money in Dubai. I only buy oil from Dubai in the name of my company, and not in my name. I would not step into the Emirates; if I would, you would never see me again.” Al-Issi adds that he only buys oil from the United Arab Emirates because it is the best and closest market, but the UAE is harassing him and accusing him of buying oil from Iran. An invoice submitted by Al-Issi to the Yemeni government in the amount of $3 million was published in the report of the relevant UN committee of experts, and it listed the account number of Al-Issi Group in the Islamic Bank in Dubai.

[aealqada]

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