uae-difc-cases
FORSYTH PARTNERS GLOBAL DISTRIBUTORS LIMITED v FORSYTH PARTNERS GROUP HOLDINGS LIMITED [2007] DIFC CFI 005/006/007 — Judicial determination on the absence of preferential debts in DIFC insolvencies (30 January 2008)
This judgment establishes the critical precedent that, in the absence of specific DIFCA regulations, no category of debt qualifies as "preferential" under the DIFC Insolvency Law, effectively rendering all creditor claims unsecured.
