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allinone

08/11/06 1:33 AM

#39225 RE: boogaloo #39212

After you ripe Wessal apart you will find the root of Emaar. Common practice in developing a structure of companies all having a part in the supplying of products to the main builder although the builder also owns these companies somehow in their country corporate capabilities. Protects the main company from lawsuits. They set up companies which do not have any true value so if something happens and the lumber is not of the right quality and they still us it and it falls down, the supplier gets sued, in this case Wessal and not Emaar. It is like the army ants out protecting the queen ant. Nothing is to get to her (Emaar)! My bet is you dig deep enough into the ant hill and you will find the relationship but getting there is an expensive and untouting task left only for the most ingenious attornies to unravel if they can at all. jmho