Thales gets agent to arbitration table Free
In a small victory for Thales in its legal spat with its former Gulf agent Nabil Barakat, on March 20, [...]
French defence group Thales is being sued by its former agent in the Gulf, Nabil Barakat, in a bitter battle being played out in the US courts alongside a parallel arbitration between the two parties. Businessman Barakat, who is claiming more than $1 billion from the company, is hoping to scare Thales by playing the anti-corruption card which could have the feared U.S. Department of Justice (DoJ) on its case too.
The battle between Thales and its former Gulf agent, Wamar International, is getting personal. Wamar boss Nabil Barakat's attacks are increasingly aimed directly at the French group's Middle East sales director Jean-Marc Budin. [...]