Saker Trust - Update

Those familiar with the Saker Fund will know that returns from the assets are being held up pending the progress of a court action in the UAE. The Courts in Dubai announced that in the Covid-19 environment the Courts in Dubai (except in some very specific cases) were suspending action from the 22nd March until the 16th April. Since then, while some hearings have been heard by video link, others are still delayed. We are waiting advice from the legal advisors to the case in Dubai on the scheduling of the next hearing.