North Africa/Middle East
Amid Severe Limits on Withdrawals, Lebanese Depositors Are Resorting to Force to Demand Their Own Money
Israel’s parliament on Monday approved a law that will curb the oversight powers of the courts, a measure that has divided the nation, prompted mass protests and drawn rare US criticism. The shekel fell — recording the biggest daily loss among a basket of major currencies tracked by Bloomberg — while tens of thousands of protesters converged on the Knesset building. Opposition lawmakers boycotted the session, allowing Prime Minister Benjamin Netanyahu’s ruling coalition to pass the bill with 64 votes to 0.
Millionaire 'Magic Circle' Lawyer Who Sailed on £17m Superyacht Faces Bankruptcy for Failing to Hand £19m Fund Back to Saudi Princess
A millionaire 'magic circle' lawyer who sailed the seas on a £17 million superyacht is facing bankruptcy after failing to hand a £19 million investment fund back to a Saudi princess, the Daily Mail reported. Former lawyer Ronald Gibbs has been locked in a court fight with the Saudi Royal Family after he agreed to set up and manage the multi-million-pound investment fund for Princess Deema Bint Sultan Bin Abdulaziz Al Saud in 2011.