Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision
17. veebruar 2025
Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision17. veebruar 2025 Carmon Reestrutura-Engenharia E Serviços Técnios Especiais, (SU) LDA v Antonio Joao Catete Lopes Cuenda [2024] DIFC CA 003 Key Takeaways
The Facts of the CaseThe claimant (“C”), an Angolan construction company, claimed that its former senior officer (“D”) misappropriated over USD 20 million, transferring the funds to accounts worldwide, including two with a Dubai-based bank. The DecisionThe DIFC Court of Appeal upheld C’s appeal and reinstated the WFO, confirming that the DIFC Courts have jurisdiction to issue FOs in support of anticipated foreign judgments. The Court gave the following reasons:
This decision reinforces the DIFC’s role in the global market for "litigation business", solidifying its reputation as a forward-thinking and efficient forum for international dispute resolution in a key financial hub. [1] (1) Sandra Holding Ltd (2) Nuri Musaed Al Saleh v (1) Fawzi Musaed Al Saleh (2) Ahmed Fawzi Al Saleh (3) Yasmine Fawzi Al Saleh (4) Farah El Merabi [2023] DIFC CA 003 Law No. 12 of 2004 in respect of the Judicial Authority at DIFC as amended [2] Broad Idea International Ltd v Convoy Collateral Ltd (British Virgin Islands) [2021] UKPC 24. Kasulikku
Uudised
Üritused
õigusalased uudised 03. juuni 2026 Commercially Connected shorts - 3 June 2026 õigusalased uudised 03. juuni 2026 Global Life Sciences & Healthcare Bulletin õigusalased uudised 29. mai 2026 Consumer Lens - Session 1 | The Rise of European Class Actions taskuhäälingud 29. mai 2026 Tax NOLs in Cross-Border Structures Webinar kliendi uudised 03. juuni 2026 A blueprint for growth: Eversheds Sutherland supports Leonard Design Group ... kliendi uudised 02. juuni 2026 Next stop, public ownership: Eversheds Sutherland advises DfT on GTR transi... büroo uudised 01. juuni 2026 Eversheds Sutherland strengthens restructuring offering with senior partner... büroo uudised 01. juuni 2026 Eversheds Sutherland strengthens Commercial Advisory practice with technolo... virtual UK employment law training 09. juuni 2026 1pm - 4pm (BST) Virtual virtual Nordic (Denmark, Finland, Norway and Sweden) employment law training 16. juuni 2026 12.45pm - 4pm (BST) Virtual virtual Introduction to Swiss employment law 23. juuni 2026 2pm - 5pm (GMT) Virtual virtual UAE - Employment law in the Dubai International Financial Centre 10. september 2026 9.30am - 1.30pm (GMT) Virtual |