A former leading lawyer faces losing a £4 million London house in a court battle with a Saudi princess.
Ronald Gibbs, who worked as a partner for the “magic circle” law firm Linklaters, has been locked in “warfare” with Saudi royals after agreeing to set up and manage a $25 million (£19.7 million) investment fund for Princess Deema Bint Sultan Bin Abdulaziz Al Saud in 2011.
He bought shares for the princess in a boat-building company he controlled, a multi-million pound apartment in Montenegro and a £17-million, 40-metre superyacht.
But the princess and her brother, Prince Khalid Bin Sultan bin Abdulaziz Al Saud, complained that he failed to liquidate the assets and return the princess’s millions after being first asked to do so in 2013.