cfi 007/2017

TRANSFERT v MINERAL TRADE GROUP [2017] DIFC CFI 007 — Consent order recording settlement of USD 3.9M claim (20 August 2017)

The lawsuit initiated by Transfert FZCO centered on a substantial commercial debt, with the claimant seeking recovery of USD 3,901,171.01. The dispute reached a resolution when the respondents, Mineral Trade Group FZE (MTG) and Affert Resources Pte Ltd (Affert), filed formal admissions of the…