Latest articles
ANNA DADIC v DUBAI INTERNATIONAL FINANCIAL CENTRE AUTHORITY [2011] DIFC CFI 026 — Procedural directions for judicial review permission hearing (22 March 2011)
Justice David Williams issues critical procedural directions for a judicial review permission hearing, mandating video conference participation and addressing the threshold question of the DIFC Authority’s amenability to public law oversight.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2020] DIFC CFI 026 — Final settlement and discontinuance of long-standing banking litigation (22 April 2020)
The litigation, initiated in 2009, involved three claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—who sought damages against Bank Sarasin-Alpen (ME) Limited and its Swiss parent, Bank Sarasin & Co. Ltd.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2019] DIFC CFI 026 — Interim payment consent order for costs and interest (23 December 2019)
A final procedural milestone in the long-standing banking litigation between the Al Khorafi claimants and Bank J. Safra Sarasin, formalizing the distribution of over USD 1 million in costs and interest.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2019] DIFC CFI 026 — Procedural extension for points of dispute (12 September 2019)
The DIFC Court of First Instance formalizes a procedural timeline adjustment regarding the service of points of dispute by the Second Defendant in long-standing banking litigation.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2019] DIFC CFI 026 — Final settlement of interest on Head B-D Losses (15 May 2019)
The litigation, initiated under case number CFI-026-2009, involved a complex dispute regarding investment losses suffered by the Claimants, Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2018] DIFC CFI 026 — Interim payment order for interest and costs (28 October 2018)
The litigation, initiated under CFI 026/2009, involves a complex banking dispute between three claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—and two defendants, Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
AL KHORAFI v BANK SARASIN-ALPEN [2017] DIFC CFI 026 — Procedural extension for appeal filing (31 January 2017)
This order addresses the procedural timeline for the Second Defendant to file an appeal following the determination of interest and costs by Justice Sir John Chadwick.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2017] DIFC CFI 026 — Quantum determination and costs assessment (16 January 2017)
The dispute centered on identifying the appropriate benchmark for interest on the Claimants' losses, as previously ordered by the Court in November 2015. The Claimants sought a rate derived from unauthorized overdrafts, while the Defendants proposed a significantly lower rate of 1.291% per annum,…
AL KHORAFI v BANK SARASIN-ALPEN [2016] DIFC CFI 026 — Stay of execution pending appeal (21 January 2016)
The lawsuit concerns a 2009 claim brought by Mr Rafed Abdel Mohsen Bader Al Khorafi, Mrs Amrah Ali Abdel Latif Al Hamad, and Mrs Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
AL KHORAFI v BANK SARASIN-ALPEN [2016] DIFC CFI 026 — Stay of execution pending appeal (18 January 2016)
The DIFC Court of First Instance clarifies the high threshold for obtaining a stay of execution on a quantum judgment, affirming that payment into court serves as a protective alternative to a stay.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Clarifying the procedural finality of trial judge authority regarding permission to appeal (30 November 2015)
This order addresses the procedural conflict arising from multiple judicial directives concerning permission to appeal in long-standing banking litigation, establishing the definitive boundary of a trial judge's jurisdiction post-judgment.
AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Quantum determination and additional damages (03 November 2015)
The litigation concerns a long-standing banking dispute involving Mr. Rafed Abdel Mohsen Bader Al Khorafi, Mrs. Amrah Ali Abdel Latif Al Hamad, and Mrs. Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Quantification of regulatory breach compensation (07 October 2015)
The litigation concerns a claim for US$36,825,211 brought by Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Permission to appeal refused (21 May 2015)
The litigation concerns the Claimants' efforts to recover losses stemming from the purchase of "Sarasin Investments," which were funded through borrowing from Al Ahli Bank of Kuwait (ABK).
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2009] DIFC CFI 026 — Refusal of financial conditions on appeal (05 April 2015)
Justice Roger Giles clarifies the high threshold for imposing payment into court or security for costs as a condition for an appellant to pursue an appeal in the DIFC Courts.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Refusal of permission to appeal regarding quantum evidence (25 February 2015)
The dispute centers on the Claimants' attempt to introduce a fourth witness statement (RAK 4) from Mr. Rafed Al Khorafi, which sought to bring into the quantum assessment losses allegedly stemming from a forced sale of land in Kuwait.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Procedural directions for quantum determination (04 February 2015)
The litigation involves claims brought by Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. LTD.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Permission to appeal and conditional payment orders (03 February 2015)
The litigation, initiated under CFI-026-2009, involves claims brought by Rafed Abdel Mohsen Bader Al Khorafi and others against Bank Sarasin-Alpen (ME) Limited and its parent entity, Bank Sarasin & Co. LTD.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Admissibility of evidence regarding refinancing costs in banking litigation (20 January 2015)
The dispute centers on the quantification of compensation owed to the Claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—following the court’s finding that the Defendants, Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co.
AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Procedural management of quantum evidence (04 January 2015)
The litigation, initiated under case number CFI-026-2009, involves a complex dispute between the Claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—and the Defendants, Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
AL KHORAFI v BANK SARASIN-ALPEN [2014] DIFC CFI 026 — Procedural extension for evidence filing (11 December 2014)
The litigation between Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd involves complex allegations regarding investment management and fiduciary duties.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2014] DIFC CFI 026 — Quantum and costs order following regulatory breach (30 October 2014)
The dispute centered on the total compensation owed to the three Claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—following the Court’s determination that the Defendants were liable for regulatory breaches.
AL KHORAFI v BANK SARASIN-ALPEN [2009] DIFC CFI 026 — Procedural extension for filing defence (09 September 2014)
A procedural order from the DIFC Court of First Instance clarifying the application of RDC 16.9 regarding extensions of time for filing a defence in complex banking litigation.
AL KHORAFI v BANK SARASIN-ALPEN [2014] DIFC CFI 026 — Liability for structured product investment losses (21 August 2014)
The lawsuit centers on the sale of structured financial products, referred to as "the Notes," which were introduced to the Claimants by Bank Sarasin-Alpen (ME) Limited and issued by the Swiss entity, Bank Sarasin & Co. Ltd.