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Next gens are no longer expected to join the family business as soon as they are able, but many are left with the difficult choice of whether to follow in their ancestors' footsteps or branch out on their own, writes Katie Barker.

US bookstore group Barnes and Noble is unlikely to have fended off activist shareholder Ron Burkle, who is attempting to wrestle control of the family-controlled business, following the release of its end of quarter results on Tuesday.

Families need to understand the risks to their business’s reputation and employ effective strategies to combat an increasingly litigious environment. Elizabeth Henson looks at how family businesses can protect their reputation.

Courts in both New York and the Cayman Islands have dismissed lawsuits related to the dispute between family-owned Saudi Arabian conglomerates Saad Group and Ahamad Hamad Algosaibi and Brothers.

Saad Group, the Saudi Arabian conglomerate owned by Maan Al Sanea, was yesterday ordered to pay $33.1 million to Abu Dhabi Commercial Bank for defaulting on a currency swap agreement.

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