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uae-difc-cases
DIFC INVESTMENTS v DUBAI ISLAMIC BANK [2022] DIFC CFI 024 — Consent order for costs (28 June 2022)
This consent order formalizes the final financial resolution regarding legal costs following the substantive judgment delivered by the Court of First Instance in June 2022.
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·5 min read
uae-difc-cases
DIFC Investments v Dubai Islamic Bank [2022] DIFC CFI 024 — Immediate judgment on the validity of project proceeds assignment (13 June 2022)
The DIFC Court of First Instance clarifies the distinction between a pledge of proceeds and an assignment of contractual rights, ruling that an anti-assignment clause in a construction contract remains enforceable against third-party creditors.
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·6 min read