Saudis to sue Israel over $14 billion Lebanon invesments

[lovuian]

http://feeds.bignewsnetwork.com/?sid=e182ae616b19137e

Saudi businessmen are contemplating a lawsuit against Israel for damages over their $14 billion of investments in Lebanon.

The suit would likely be brought in the International Court of Justice at The Hague.

Saudi real estate holdings are estimated at $10 billion. Investments in tourism, Lebanon's major industry, and other areas total $4 billion, according to the Riyadh Chamber of Commerce and Industry.

A number of UAE companies, including Dubai-based construction giant Damac, have also bought into Lebanon in the real estate sector.

Fahd Al-Hammadi, a member of the Saudi-Lebanese Committee, said the committee would review their losses in Lebanon with the help of the Beirut government.
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I can't wait to see that trial??? Cause I want to sue the Saudis for 9/11

[Erika]

1. W didn't go after the Saudis for 9/11

In fact he helped the Bin Ladin family fly out after 9/11 when airlines were frozen. I suggest you sue W.

He's also had the polygamous Saudi prince at his Texas ranch many times since 9/11.

[lovuian]

3. Yes I agree W can be put on the list too

its a travesty...

[Solo_in_MD]

2. Not sure there is legal standing for what amounts to a civil suit

against a government the Saudi's refuse to recognize.

[Erika]

4. With Saudi oil running out

Their usefulness will run out. W, and the GOP, will pay as much attention as they do to Haiti or the Sudan.

[BrotherBuzz]

5. Saudi businessmen, not the Saudi government

I think this lawsuit might fly.

[Solo_in_MD]

6. Again, looking for jurisdiction

Does the world court accept cases from private individuals? Does sovereign immunity block private legal action? I really don't know.

I do recall suits over terrorist incidents being recognized in US courts and assets being tied up, but I have a hard time seeing this being filed in an Israeli court and getting Gov assets impounded.

[BrotherBuzz]

10. I ain't no lawyer and...

and you ask valid questions. Jurisdiction is one thing, precedence is another. Methinks the International Court will decide the merits. :shrug:

[elehhhhna]

8. All the same, just like here

[Erika]

9. Rememer Prescott Bush

The Saudi business men and W may have the same interests.

[LostInAnomie]

7. My goodness. Which side will * take?

I mean, how can a hooker choose between her two best Johns?

[w4rma]

13. He'll choose the Saudis of course.

He's already screwing over the Israelis and the Lebanese (just alot of pro-war Israelis don't realize how they are being used yet).

I'm positive that the Saudis will get their money, even if it has to come from American taxpayers directly.

[NuttyFluffers]

11. to be a fly on the wall of that courtroom battle...

:7

[Warren DeMontague]

12. How can you sue something you don't believe exists? nt

[daydreamer]

14. They can sue all they want. They cann't collect a penny.

[European Socialist]

15. Uncle Sam will pick up the tab for its rich ME buddies. Just don't ask...

to help low income people in the USA.