Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision
17. Februar 2025
Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision17. Februar 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. Publikationen
News
Events und Trainings
kanzlei-news 10. Juli 2026 Eversheds Sutherland advises OCBC on the landmark secondary dual listing of... client news 10. Juli 2026 Setting sail: Eversheds Sutherland advises senior management of D-Marin on ... client news 09. Juli 2026 Eversheds Sutherland advises Costello Medical on transition to employee own... client news 07. Juli 2026 Eversheds Sutherland berät PCProfi Informatique SA bei der Übernahme durch ... in-person A leadership conversation for Global GCs 02. September 2026 17:30 - 19:30 MS Wädenswil, Bürkliplatz, Zurich Schiffstation virtual UAE - Employment law in the Dubai International Financial Centre 10. September 2026 9.30am - 1.30pm (GMT) Virtual in-person Managing AI use in the workplace: what every UK HR team needs to know 10. September 2026 9.30am - 1.00pm (BST) London, Vereinigtes Königreich in-person Interaktiver LIVE Cyber Security Event 10. September 2026 07:30 – 11:00 Kinokoni, Lagerstrasse 104, Europaallee Zürich |