Claimants brought a claim against defendants for damages for breach of contract and/or negligence and/or misrepresentation. The claimants stated they had made various investments with the defendants involving a sum of over USD 74 million, but the structured financial products that the claimants invested in resulted in heavy losses to the claimants. As a result, they brought a claim. The losses in respect of which the claimants sought compensation included:

(1) Losses on the sale of the claimants' investments with Bank Sarasin(2) Other fees and interest charged by Bank Sarasin (3) Other fees and interest charged by Al Ahli bank Kuwait (ABK) which provided loans to the claimants for the purchase of the financial products