Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision
17. helmikuuta 2025
Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision17. helmikuuta 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. Uusimmat Artikkelit
Uusimmat Uutiset
Uusimmat Tapahtumat ja koulutukset
asiakasuutiset 02. kesäkuuta 2026 Next stop, public ownership: Eversheds Sutherland advises DfT on GTR transi... toimistomme uutiset 01. kesäkuuta 2026 Eversheds Sutherland strengthens restructuring offering with senior partner... toimistomme uutiset 01. kesäkuuta 2026 Eversheds Sutherland strengthens Commercial Advisory practice with technolo... asiakasuutiset 28. toukokuuta 2026 Eversheds Sutherland advises Schroders Greencoat on acquisition of Dutch bi... etätapahtuma UK employment law training 09. kesäkuuta 2026 1pm - 4pm (BST) Virtual etätapahtuma Nordic (Denmark, Finland, Norway and Sweden) employment law training 16. kesäkuuta 2026 12.45pm - 4pm (BST) Virtual etätapahtuma Introduction to Swiss employment law 23. kesäkuuta 2026 2pm - 5pm (GMT) Virtual etätapahtuma UAE - Employment law in the Dubai International Financial Centre 10. syyskuuta 2026 9.30am - 1.30pm (GMT) Virtual |