ca 006/2019

Bankmed (SAL) v Ibrahim Saif Hormodi [2019] DIFC CA 006 — Dismissal of appeal against default judgment (11 February 2020)

The litigation arose from a USD 15,000,000 facility agreement dated 22 December 2015, involving Bankmed (SAL) as the lender and Fast Telecom General Trading LLC, along with its former shareholder Ibrahim Saif Hormodi, as parties providing security.