cfi 032/2023

DUBAI FINANCIAL SERVICES AUTHORITY v STUART COLES [2023] DIFC CFI 032 — Default judgment for regulatory financial penalty (12 July 2023)

The lawsuit concerns the enforcement of a financial obligation owed by the defendant, Stuart Coles, to the Dubai Financial Services Authority (DFSA). As the primary regulator within the Dubai International Financial Centre, the DFSA sought a formal court order to recover a specified sum of money,…