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EMIRATES NBD BANK v AL RIHAB REAL ESTATE COMPANY [2020] DIFC CFI 037 — Permission to appeal granted on compelling grounds (28 July 2020)
The litigation concerns a banking and real estate dispute between Emirates NBD Bank PJSC and Al Rihab Real Estate Company LLC. Following initial proceedings in the Court of First Instance, Al Rihab Real Estate Company sought to challenge the lower court's findings by filing a formal Permission…
EMIRATES NBD BANK v AL RIHAB REAL ESTATE COMPANY [2020] DIFC CFI 037 — Finality of foreclosure orders and the limits of retrospective arbitration challenges (07 July 2020)
The dispute arose from a mortgage foreclosure action initiated by Emirates NBD Bank PJSC against Al Rihab Real Estate Company LLC. Following the issuance of final foreclosure orders on 15 June 2020, the Defendant filed an urgent application seeking to delay the enforcement of these orders.
EMIRATES NBD BANK v AL RIHAB REAL ESTATE COMPANY [2020] DIFC CFI 037 — Foreclosure and mortgage enforcement under the 2018 Real Property Law (15 June 2020)
The dispute arose from a long-standing credit facility originally granted in 2006, which was secured by a mortgage over an undeveloped parcel of land in the DIFC (Plot No. PA-05, Zaabeel Second).