Category Archives: People

Hussain Sajwani Has A Knack For Creating Profitable Situations

Hussain Sajwani, chairman, CEO and founder of the DAMAC Group, has always had a knack for creating profitable ventures, and his eye for opportunities has led him to many successes. As younger man, he worked for his father, and it was in his father’s watch and pen store that he learned the basics of business and what hard work really means. With a solid foundation in which to begin, he went out into the world of business to seek his own entrepreneurial success. He first got his education at the University of Washington, Seattle, where he earned a Bachelor’s degree in economics and industrial engineering.

Hussain Sajwani has worked with many illustrious figures and famous individuals including Versace and Fendi, Bugatti, Tiger Woods, Gil Hanse, and Donald Trump. Recently Donald Trump’s sons Donald Trump jr. and Eric Trump were guests of Sajwani’s for the inauguration of the grand opening of the Trump International Golf Club Dubai at DAMAC Hills, which is 7,205-yard, par-71 course that is located in the middle of the 42-million square foot DAMAC Hills master development. Donald Trump called Hussain Sajwani, “a very, very, very, amazing man,” and The Trump Organization plans to continue to do business with Hussain Sajwani Family and DAMAC going into the future.

Hussain Sajwani’s investing prowess is well-known, and his track record is spotless. His investment company, DICO Investments Co LLC., holds many minority and majority holdings in a variety publicly traded companies and focuses in mainly on acquisitions, private equities, and mergers. One of his most brilliant investments is Al Jazeira Services. This company is listed on the Muscat Securities Market and is worth well over US$ 110 million. When many other investors jumped shipped, Sajwani stuck with the company, through thick and thin, and watched as it rose to the giant it is today.

As a philanthropist, Hussain Sajwani believes in humanity and wants to help people wherever he can. He donated $272,000 to the “Yemen We Care” campaign, which is an organization that has helped provide basic healthcare, education, and relief to millions of Yemeni refugees. He also donated to the Emirates Red Crescent, which has helped to cloth a million children.

Read more: http://www.albawaba.com/business/pr/damac-needy-children-518106

Brazilian Divorce Lawyers Are Busy People

Brazil is a deeply religious country. A large percentage of the Brazilian population is Catholic. Catholics aren’t allowed to divorce according to church law, but that doesn’t stop more than 300,000 people in Brazil from getting divorced every year, according to Ricardo Tosto de Oliveira Carvalho. Tosto is one of the top lawyers in Brazil. His firm, Leite, Tosto e Barros Advogados handle divorce cases as well as other legal cases. Legal suits of divorce in Brazil have increased by more than 46 percent since 2011. The reason for the increase is constitutional amendment n° 66 which was passed in 2011, according to Tosto. That amendment changed the previous deadline for divorce requests.
The 2011 amendment enabled couples to dissolve their union without the typical bureaucratic requirements that are so famous in Brazil. The amendment also allows a person who got married last week to get a divorce today, and that is a big change from the old law. Under the old law, a person has to be married for one year before a divorce request could be filed by an attorney. The couple also had to wait two years to get a divorce. Tosto says the new law is keeping Brazilian lawyers very busy because it eliminates the fault finding clause and the separation requirement.
Some Brazilians think the new law makes it easy for couples to get a divorce and that it goes against the teachings of the church, but Tosto and other lawyers disagree. The new divorce amendment makes it easier for couples that married for the wrong reasons to dissolve the marriage. Mr. Tosto says Brazilians tend to marry in their teenage years, and then they realize they made a mistake. The new amendment gives lawyers the power to help them get out of those young marriages.
If a Brazilian couple gets divorced outside of Brazil, the divorce is not recognized by the Brazilian authorities. Couples must have a Brazilian attorney handle a divorce in order for it to be official. A Brazilian can marry a foreigner outside of Brazil, and the marriage is valid in Brazil as long as it is registered with the Brazilian Consulate in the country when the marriage took place, but a divorce in another country between a Brazilian and a foreigner is not valid. Brazilian attorneys are dealing with more divorces between a foreigner and a Brazilian because of that law, according to Mr. Tosto. More Brazilians are marrying foreigners and then divorcing them, and that is adding to the workload of Brazilian divorce attorneys.