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uae-difc-cases
DAS REAL ESTATE v FIRST ABU DHABI BANK [2016] DIFC CFI 002 — Preliminary issues on loan acceleration and Material Adverse Change (10 August 2017)
The dispute centers on a high-value financing arrangement between DAS Real Estate and First Abu Dhabi Bank (formerly National Bank of Abu Dhabi). The core of the litigation concerns whether the bank was entitled to terminate and accelerate the repayment of a massive loan facility.
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·6 min read
uae-difc-cases
DAS REAL ESTATE v FIRST ABU DHABI BANK [2017] DIFC CA 002 — Permission to appeal granted (07 November 2017)
The underlying litigation, registered as CFI 002/2016, involves a complex dispute between Das Real Estate, represented by Mussabeh Salem Mussabeh Humaid Almuhairi, and First Abu Dhabi Bank.
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·6 min read