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Late Saudi king's widow allowed to keep London mansion
A WIDOW of the late King Fahd Bin Abdulaziz Al-Saud of Saudi Arabia can hold on to a mansion on one of London's most expensive roads, after a judge rejected a claim against her by the family's foundation.
Deputy Master Edward Cousins on Tuesday struck out a lawsuit by the Asturion Foundation, which manages the Fahd bin Abdulaziz family's global assets.
That suit, filed back in 2015, claimed the ownership of Kenstead Hall, in the capital's affluent Highgate neighbourhood, was unlawfully transferred to King Fahd's widow, Al Jawharah bint Ibrahim Abdulaziz Al Ibrahim, from the foundation in 2011. King Fahd died in 2005.
"This is a proper case for the claim to be struck out in its entirety on the grounds of abuse of process," the judge said in his ruling, adding that the foundation had had a "long period of inactivity" after first filing the suit.
Lawyers for the Liechtenstein foundation had "failed to deal constructively" with requests for information about the nature and location of its assets, the judge said.
Asturion's attorney Graham Shear said on Tuesday that the foundation disagreed with the ruling.
"We do not agree with the judgment of the Deputy Master and we will almost certainly be seeking permission to appeal on behalf of the foundation," he said. BLOOMBERG