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A Saudi prince faces jail in the U.K. for flouting English contempt laws in the latest stage of a long-running dispute over a loan agreement with hundreds of millions of dollars at stake.The prince, who didn't attend the U.K. court hearing, said the case should only be heard in Saudi Arabia.After losing a private arbitration hearing in London where he was ordered to pay more than $500 million, the prince pursued separate legal proceedings in Riyadh, effectively ignoring U.K. court orders to halt the Saudi case.
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