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uae-difc-cases

LARMAG HOLDING B.V. v FIRST ABU DHABI BANK [2019] DIFC CFI 030 — Asset preservation and disclosure orders (13 October 2019)

The dispute concerns the recovery of Reditum S.A. corporate bonds (ISIN XS1257166956) originally held in account number 47502 at First Abu Dhabi Bank. Larmag Holding B.V. (the Applicant) initiated proceedings against First Abu Dhabi Bank PJSC and FAB Securities LLC (the Respondents) to prevent the…

Sushant Shukla· ·5 min read
uae-difc-cases

LARMAG HOLDING B.V. v FIRST ABU DHABI BANK [2019] DIFC CFI 030 — Proprietary injunction extension pending appeal (02 September 2019)

Justice Sir Richard Field extends a proprietary injunction over 70 million Reditum SA corporate bonds, balancing the risk of irremediable prejudice against the Respondents' pending application for permission to appeal.

Sushant Shukla· ·5 min read
uae-difc-cases

LARMAG HOLDING B.V. v FIRST ABU DHABI BANK [2019] DIFC CFI 030 — Permission to appeal jurisdictional ruling (01 September 2019)

The underlying dispute in CFI-030-2019 involves Larmag Holding B.V. as the Applicant and Intended Claimant, and First Abu Dhabi Bank PJSC and FAB Securities LLC as the Respondents and Intended Defendants. The litigation concerns an intended action that also names Mr.

Sushant Shukla· ·5 min read
uae-difc-cases

LARMAG HOLDING v FIRST ABU DHABI BANK [2019] DIFC CFI 030 — Continuation of injunctive relief pending jurisdictional finality (08 August 2019)

The dispute arises from an intended action brought by Larmag Holding B.V. against First Abu Dhabi Bank PJSC and FAB Securities LLC, alongside two additional intended defendants, Mr. Abdulla Saeed Aljabri and Elite Holding Group Limited.

Sushant Shukla· ·6 min read