ca 012/2022

EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CA 012 — Appeal dismissed regarding AED 1.9 billion syndicated facility default (01 May 2023)

The dispute centers on a series of syndicated facility agreements entered into on 27 December 2018, involving a consortium of nine prominent financial institutions, including Emirates NBD Bank, HSBC Bank Middle East, and Dubai Islamic Bank.