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DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2017] DIFC CFI 032 — Distribution of Subordinated Client Money Claims (18 September 2017)
The litigation concerns the complex insolvency proceedings of ES Bankers (Dubai) Limited, an entity regulated by the Dubai Financial Services Authority (DFSA). Following the commencement of liquidation, the Joint Liquidators sought judicial authorization to distribute funds to a specific subset of…
THE DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2016] DIFC CFI 032 — Interim distribution and bar date mechanics (15 December 2016)
The dispute centers on the ongoing liquidation of ES Bankers (Dubai) Limited (ESBD), an entity regulated by the Dubai Financial Services Authority (DFSA). Following the commencement of insolvency proceedings, the Joint Liquidators sought judicial authorization to distribute a "Further Interim…
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2016] DIFC CFI 032 — Variation of liquidator remuneration authority (30 June 2016)
The underlying dispute concerns the insolvency proceedings of ES Bankers (Dubai) Limited, a firm previously regulated by the DFSA. Following the initial appointment of Joint Liquidators, the Court had previously established a framework for the approval of their fees and disbursements via an Order…
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2016] DIFC CFI 032 — Remuneration and disbursement order in bank liquidation (29 February 2016)
The dispute concerned the court-sanctioned approval of fees for the Joint Liquidators appointed to oversee the winding up of ES Bankers (Dubai) Limited. Following the regulatory intervention by the Dubai Financial Services Authority (DFSA) under the DIFC Regulatory Law (No.
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2015] DIFC CFI 032 — Judicial approval of liquidator remuneration (10 September 2015)
The dispute centers on the administrative costs associated with the compulsory liquidation of ES Bankers (Dubai) Limited, a process initiated by the Dubai Financial Services Authority (DFSA) under its regulatory mandate.
THE DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2015] DIFC CFI 032 — Remuneration and disbursement framework for liquidators (23 March 2015)
In the order dated 23 March 2015, the Court addressed the financial requirements of the liquidation process, specifically regarding the reimbursement of expenses incurred by the Joint Liquidators.
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2015] DIFC CFI 032 — Remuneration of Joint Provisional Liquidators (01 March 2015)
The lawsuit originated from the regulatory intervention by the Dubai Financial Services Authority (DFSA) against ES Bankers (Dubai) Limited, leading to the appointment of Joint Provisional Liquidators.