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DIWAN CAPITAL LTD v EMIRATES INVESTMENT & DEVELOPMENT CO [2016] DIFC CFI 004 — Immediate judgment on failed share subscription claims (17 March 2016)
The DIFC Court of First Instance clarifies the limits of corporate liability regarding share subscription agreements, granting immediate judgment against a liquidator’s attempt to recover USD 2 million in alleged unpaid capital.
DIWAN CAPITAL LIMITED v EMIRATES INVESTMENT & DEVELOPMENT CO [2015] DIFC CFI 004 — Formalizing the discontinuance of multi-party litigation (29 July 2015)
The litigation, initiated by Diwan Capital Limited (In Liquidation), originally targeted a broad array of entities and individuals, including Emirates Investment & Development Co PSC as the First Defendant and Ernst and Young UAE as the Second Defendant.
DIWAN CAPITAL LIMITED v EMIRATES INVESTMENT & DEVELOPMENT CO [2015] DIFC CFI 004 — Final order of discontinuance (26 July 2015)
The litigation initiated under case number CFI 004/2013 represented a significant insolvency-related dispute brought by Diwan Capital Limited, then in liquidation, against a broad spectrum of thirteen defendants.
DIWAN CAPITAL LIMITED v EMIRATES INVESTMENT & DEVELOPMENT CO [2015] DIFC CFI 004 — Discontinuance of claims against Ernst & Young UAE (13 April 2015)
The litigation in CFI 004/2013 represents a complex, multi-party dispute arising from the liquidation of Diwan Capital Limited. The Claimant, acting through its liquidators, initiated proceedings against a broad spectrum of entities and individuals, including Emirates Investment & Development Co…
DIWAN CAPITAL LTD IN LIQUIDATION v EMIRATES INVESTMENT & DEVELOPMENT CO [2013] DIFC CFI 004 — Extending service timelines in complex multi-party litigation (09 October 2013)
Judicial Officer Nassir AlNasser grants a four-month extension for the service of an amended Claim Form in a high-stakes liquidation dispute involving thirteen named defendants.
DIWAN CAPITAL v EMIRATES INVESTMENT & DEVELOPMENT CO [2013] DIFC CFI 004 — Extension of time for service of amended claim form (10 June 2013)
The litigation involves Diwan Capital Ltd, currently in liquidation, initiating proceedings against a broad spectrum of thirteen respondents, including Emirates Investment & Development Co PSC, Ernst & Young, and several individual directors and officers.
DIWAN CAPITAL LTD IN LIQUIDATION v EMIRATES INVESTMENT & DEVELOPMENT CO [2013] DIFC CFI 004 — Procedural constraints on joinder and service (25 February 2013)
Diwan Capital Ltd in Liquidation, acting as the Claimant, initiated an application to expand the scope of its existing litigation by joining a new party, Mr. Nägeli, to the proceedings already involving Emirates Investment & Development Co PSC and twelve other named defendants.
DIWAN CAPITAL LIMITED IN LIQUIDATION v EMIRATES INVESTMENT AND DEVELOPMENT Co PJSC [2013] DIFC CFI 004 — Establishing the procedural roadmap for complex liquidation litigation (19 February 2013)
The litigation involves a claim brought by Diwan Capital Limited, currently in liquidation, against Emirates Investment and Development Co PJSC and other named defendants. While the specific underlying cause of action is not detailed in this procedural order, the case concerns a high-stakes civil…