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
toimistomme uutiset 10. heinäkuuta 2026 Eversheds Sutherland advises OCBC on the landmark secondary dual listing of... asiakasuutiset 10. heinäkuuta 2026 Setting sail: Eversheds Sutherland advises senior management of D-Marin on ... asiakasuutiset 09. heinäkuuta 2026 Eversheds Sutherland advises Costello Medical on transition to employee own... asiakasuutiset 02. heinäkuuta 2026 We acted as legal counsel in Digitalist Group's convertible bond restructur... etätapahtuma UAE - Employment law in the Dubai International Financial Centre 10. syyskuuta 2026 9.30am - 1.30pm (GMT) Virtual livetapahtuma Managing AI use in the workplace: what every UK HR team needs to know 10. syyskuuta 2026 9.30am - 1.00pm (BST) Lontoo, Yhdistynyt kuningaskunta livetapahtuma Basic foundations of US employment law 17. syyskuuta 2026 9.30am - 4.30pm (GMT) Lontoo, Yhdistynyt kuningaskunta livetapahtuma 2026 BDC Roundtable 23. syyskuuta 2026 Washington DC, Yhdysvallat |