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uae-difc-cases
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CA 008 — Clarifying the scope of compensation for breaches of the Financial Services Prohibition (22 March 2018)
The lawsuit originated from the Respondents' investment in unsuitable financial products, specifically "yield enhanced" notes, which were facilitated by Bank Sarasin-Alpen (ME) Limited and Bank J. Safra Sarasin Limited.
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·6 min read
uae-difc-cases
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CA 008 — Appellate review of quantum and statutory compensation under the Regulatory Law (29 January 2017)
The dispute arose from the Respondents' investment in leveraged yield-enhanced notes, which the Court previously determined were sold in breach of the Financial Services Prohibition under Article 41 of the DIFC Regulatory Law.
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·6 min read