Barclays refuses to hand over legal advice for Qatar payments – The National

  • Date: 29-May-2020
  • Source: The National
  • Sector:Economy
  • Country:Qatar
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Barclays refuses to hand over legal advice for Qatar payments – The National

Barclays refuses to hand over legal advice for Qatar payments. British financier Amanda Staveley has accused Barclays Bank of unfairly withholding more than 1,000 documents just days before a £1.6 billion (Dh7.2bn) legal battle over the lender's dealings with Qatar.. Ms Staveley's PCP Capital Partners claims the British-based bank repeatedly lied as it wooed Gulf investors during the 2008 financial crisis while concealing bumper commission payments for Qatar.. The bank is defending the claim and says that Qatar was paid an extra £322 million under the terms of two separate agreements aimed at boosting the bank's presence in the Middle East.. PCP claims the agreements were "shams" and says it lost out on hundreds of millions of pounds.. Lawyers for PCP want to secure documents from the bank detailing the legal advice given to executives connected with the two agreements.. "It is common ground that only a selection of the communications between Barclays and its lawyers are before the court," according to court documents filed by PCP. ". It said that Barclays wanted to hold back more than 1,000 documents. ". The judge is due to rule on the dispute on Monday..