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Sheikh Al Jaber announces a claim for damages in excess of 1 billion euros against Lufthansa Group as the owner of Austrian Airlines (AUA)

The verdict of the Vienna Commercial Court of March 31, 2023, has vindicated the position of the Austro-Arab entrepreneur Mohamed Bin Issa Al Jaber in the legal dispute with Austrian Airlines (AUA), after almost 15 years of proceedings. The court ruled that Sheikh Al Jaber was entitled to withdraw from an investment contract concluded in April 2008 due to clear misconduct on the part of AUA. ....

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