Prince Al-Waleed Bin Talal has lost another – and perhaps final – action against Pierre El-Daher in the long-running dispute concerning Beirut-based LBC International.
The French Court of Appeal ruled in favour of Pierre El-Daher, who is chairman of LBCi. Numerous previous legal actions were also won by El-Daher until this latest court case which has been running since 2018.
In 2019 Beirut Judge Fatima Al-Jouni ruled to drop all charges and claims against LBCi chairman Pierre Daher while calling on his rivals to incur all legal fees. The 2019 action saw a statement from LBCi saying: “The companies of Saudi Prince al-Walid Bin Talal lost against Pierre El Daher in a personal lawsuit that was filed by the prince’s companies before the ICC International Court of Arbitration in Paris concerning services provided by El Daher in respect to Rotana TV, LMH, LBC+ and LBCSAT.”
The French court has now rejected all of Al-Waleed’s allegations, and the companies of the “Rotana” group lost their annulment lawsuit before the Paris Court of Appeal.
The ruling of the decision stipulated the dismissal of the annulment lawsuit, the judgment issued by the international arbitration was confirmed, and demanded Al-Waleed to pay all the required dues to LBCI, in addition to the penalty and expenses of the case.