Sherif Hikal_Mohamed ElGhatit_Damian Crosse 

OGH Legal and Pinsent Masons secure $1.3B in Sanjay Shah trial

Dubai court has ordered Sanjay Shah and several other people and companies tied to the hedge fund trader to repay Denmark USD 1.3 billion. 

Sanjay Shah is the alleged mastermind behind a scam known as ‘cum-ex trading’. The alleged scam, which ran for three years since 2012, involved submitting thousands of applications to the Danish Treasury on behalf of investors and companies from several countries around the world in order to receive dividend tax refunds. Refunds to which they were not entitled, seeing that they never paid the taxes in the first place. 

Shah, who was arrested in Dubai earlier this year, will not be extradited to Denmark to face charges in connection cum-ex case. 

The advisors 

OGH Legal’s onshore litigation team have successfully acted for the Danish Tax Authority to secure a AED 4.6 billion (USD 1.3 billion) judgement against Sanjay Shah. The team was led by founding partners Sherif Hikal (pictured left) and Mohamed ElGhatit (pictured center) and further included partners Mohamed AlsabahOmar AlOmar and Suzanne Mounir Abdallah

Pinsent Masons instructed OGH Legal with a team led by partner Damian Crosse (pictured right), alongside associates Sammy Nanneh and Amelia Cave.

Deloitte was also involved with a team led by partner Rana Shasha’a and directors Fouad Aoun and Abdel Rahman Almalih
 

OGH Legal and Pinsent Masons secure $1.3B in Sanjay Shah trial

suzan.taha@lcpublishinggroup.it

legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on laterla hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram