Saudi Arabian Oil and gas investment company, Al Rushaid Group, have brought a successful court action to claim damages for loss or revenue and reputational damage as a consequence of a small business owners dishonest and fraudulent actions.
According to the Supreme Court background to the case, HC-2015-004059:
Byrne and Partners act for the Al Rushaid Group, a Saudi Arabian conglomerate with significant expertise in the oil industry. The Al Rushaid Group issued proceedings in September 2015 against Mr John Bradnam, a small businessman resident in Devon, and his related companies. According to court documents, the claim was for damages and compensation arising out of Mr Bradnam’s fraud, bribery, dishonest assistance, unjust enrichment and conspiracy. The trial took place in the High Court in London between 2 and 5 October 2017.
The Al Rushaid Group is a large Saudi Arabian state owned company with strong ties to the oil and gas sector. Their main areas of focus are manufacturing, construction, engineering, trading, commercial real estate and technology.
Nicola Boulton, partner at Byrne and Partners, said: “This represents a significant victory for the Al Rushaid Group against a bribe payer who caused the Group to suffer major losses including paying over the odds for equipment they purchased from their commercial suppliers. The ruling also demonstrates that the Al Rushaid Group will not hesitate to pursue all available legal remedies against individuals or entities that have caused harm to their business and reputation.”