News / Beirut court reverses Johnny Saadé victory over CMA CGM's Jacques Saadé

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The Court of Beirut has upheld an appeal by CMA CGM chief Jacques Saadé against the decision taken earlier this month to freeze his company’s assets in Lebanon, following a successful appeal in a Syrian court by Mr Saadé ‘s younger brother, Johnny Saadé.

The decision brings to a close another chapter in the ongoing dispute between the two that has lasted for nearly two decades, and has centred on control of the world’s third-largest container shipping line.

In November, a Damascus ...