cfi 018/2016

STANDARD CHARTERED BANK v FAL OIL COMPANY [2017] DIFC CFI 018 — Default judgment for USD 65.5 million (09 July 2017)

The lawsuit involved a significant banking and finance claim brought by Standard Chartered Bank against Fal Oil Company Limited and Investment Group Private Limited. The dispute centered on the recovery of a substantial debt, which had ballooned to over USD 65 million by May 2017 due to the…