Interfin loses $26m law suit
The Depositors’ Protection Corporation has failed to block a global financier, Al Shams Global BVI Ltd, from recovering $26 million that it was owed by Interfin Bank Limited, which is now under liquidation. The $26 million debt accrued after Al Shams bought a slew of bankers acceptances (BAs) from Interfin Bank on a buy-back basis. […]