ca 002 2018

INVESTMENT GROUP PRIVATE LIMITED v STANDARD CHARTERED BANK [2018] DIFC CA 002 — Enforceability of anti-set-off clauses in banking facilities (17 July 2018)

The DIFC Court of Appeal confirms that anti-set-off clauses are robustly enforceable under UAE law, precluding borrowers from utilizing unquantified cross-claims to defeat immediate judgment applications.