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RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2020] DIFC CFI 026 — Final settlement and discontinuance of long-standing banking litigation (22 April 2020)
The litigation, initiated in 2009, involved three claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—who sought damages against Bank Sarasin-Alpen (ME) Limited and its Swiss parent, Bank Sarasin & Co. Ltd.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2018] DIFC CFI 026 — Interim payment order for interest and costs (28 October 2018)
The litigation, initiated under CFI 026/2009, involves a complex banking dispute between three claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—and two defendants, Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
AL KHORAFI v BANK SARASIN-ALPEN [2016] DIFC CFI 026 — Stay of execution pending appeal (21 January 2016)
The lawsuit concerns a 2009 claim brought by Mr Rafed Abdel Mohsen Bader Al Khorafi, Mrs Amrah Ali Abdel Latif Al Hamad, and Mrs Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
AL KHORAFI v BANK SARASIN-ALPEN [2016] DIFC CFI 026 — Stay of execution pending appeal (18 January 2016)
The DIFC Court of First Instance clarifies the high threshold for obtaining a stay of execution on a quantum judgment, affirming that payment into court serves as a protective alternative to a stay.
AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Quantum determination and additional damages (03 November 2015)
The litigation concerns a long-standing banking dispute involving Mr. Rafed Abdel Mohsen Bader Al Khorafi, Mrs. Amrah Ali Abdel Latif Al Hamad, and Mrs. Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Quantification of regulatory breach compensation (07 October 2015)
The litigation concerns a claim for US$36,825,211 brought by Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co. Ltd.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2009] DIFC CFI 026 — Refusal of financial conditions on appeal (05 April 2015)
Justice Roger Giles clarifies the high threshold for imposing payment into court or security for costs as a condition for an appellant to pursue an appeal in the DIFC Courts.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2015] DIFC CFI 026 — Admissibility of evidence regarding refinancing costs in banking litigation (20 January 2015)
The dispute centers on the quantification of compensation owed to the Claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—following the court’s finding that the Defendants, Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co.
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2014] DIFC CFI 026 — Quantum and costs order following regulatory breach (30 October 2014)
The dispute centered on the total compensation owed to the three Claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—following the Court’s determination that the Defendants were liable for regulatory breaches.
AL KHORAFI v BANK SARASIN-ALPEN [2009] DIFC CFI 026 — Procedural extension for filing defence (09 September 2014)
A procedural order from the DIFC Court of First Instance clarifying the application of RDC 16.9 regarding extensions of time for filing a defence in complex banking litigation.
AL KHORAFI v BANK SARASIN-ALPEN [2014] DIFC CFI 026 — Liability for structured product investment losses (21 August 2014)
The lawsuit centers on the sale of structured financial products, referred to as "the Notes," which were introduced to the Claimants by Bank Sarasin-Alpen (ME) Limited and issued by the Swiss entity, Bank Sarasin & Co. Ltd.
MR RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2013] DIFC CFI 026 — Amendment of pleadings to include statutory claims for unlicensed financial services (23 April 2013)
The Claimants, Mr. Rafed Abdel Mohsen Bader Al Khorafi and others, sought to amend their pleadings to introduce a substantive claim against the Second Defendant, Bank Sarasin & Co Limited (Sarasin Switzerland).
MR RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2013] DIFC CFI 026 — Amendment of pleadings regarding Financial Services Prohibition (15 April 2013)
The DIFC Court of First Instance grants the Claimants limited permission to amend their pleadings to assert a claim against the Second Defendant for breach of the Financial Services Prohibition under Article 41 of the Law.
AL KHORAFI v BANK SARASIN-ALPEN [2012] DIFC CFI 026 — Procedural timeline adjustment for disclosure and expert evidence (18 November 2012)
This consent order formalizes a revised procedural schedule for disclosure and expert reporting in the long-running litigation between the Al Khorafi claimants and the Bank Sarasin entities.
AL KHORAFI v BANK SARASIN-ALPEN [2011] DIFC CFI 026 — Extension of time for appeal following substantive ruling (24 April 2011)
The litigation involves a complex banking dispute between the Claimants—Mr. Rafed Abdel Mohsen Bader Al Khorafi, Mrs. Amrah Ali Abdel Latif Al Hamad, and Mrs. Alia Mohamed Sulaiman Al Rifai—and the Respondents, Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co Limited.
AL KHORAFI v BANK SARASIN-ALPEN [2011] DIFC CFI 026 — Jurisdictional dismissal of foreign banking entity (31 March 2011)
The litigation arose from a complex banking dispute involving three claimants—Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai—who sought legal recourse against two distinct corporate entities: Bank Sarasin-Alpen (ME) Limited (the First…
RAFED ABDEL MOHSEN BADER AL KHORAFI v BANK SARASIN-ALPEN [2010] DIFC CFI 026 — Partial strike out and security for costs order (03 August 2010)
The lawsuit involves a complex banking dispute brought by Rafed Abdel Mohsen Bader Al Khorafi, Amrah Ali Abdel Latif Al Hamad, and Alia Mohamed Sulaiman Al Rifai against Bank Sarasin-Alpen (ME) Limited and Bank Sarasin & Co Ltd.
AL KHORAFI v BANK SARASIN-ALPEN [2010] DIFC CFI 026 — Procedural order for cross-border service of process (25 March 2010)
This order details the specific procedural requirements for serving a foreign defendant in Switzerland through diplomatic channels under the Rules of the DIFC Courts.
AL KHORAFI v BANK SARASIN-ALPEN [2010] DIFC CFI 026 — Procedural directions for banking litigation (04 February 2010)
The litigation involves a claim brought by three individual claimants—Mr Rafed Abdel Mohsen Bader Al Khorafi, Mrs Amrah Ali Abdel Latif Al Hamad, and Mrs Alia Mohamed Sulaiman Al Rifai—against two corporate entities: Bank Sarasin-Alpen (ME) Limited (BSA) and Bank Sarasin & Co Limited (BSC).
AL KHORAFI v BANK SARASIN-ALPEN [2011] DIFC CA 026 — Permission to appeal granted (24 May 2011)
The DIFC Court of Appeal formalizes the progression of the Al Khorafi litigation, granting the Claimants leave to challenge the earlier CFI ruling regarding investment losses.