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uae-difc-cases
EMIRATES NBD BANK v RASHED ABULAZIZ ALMAKHAWI [2026] DIFC CFI 039 — Jurisdiction established over USD 90 million asset-stripping claim (03 April 2026)
Emirates NBD Bank (ENBD) initiated these proceedings to recover approximately USD 90 million, alleging that the Defendants—Rashed Abulaziz Almakhawi and his children, Abdulaziz, Hessa, and Shamma—engaged in a coordinated scheme to frustrate the execution of existing judgments.
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·5 min read
uae-difc-cases
EMIRATES NBD BANK v RASHED ALMAKHAWI [2026] DIFC CFI 039 — Enforcement of WFO and unless order sanctions (17 April 2026)
The dispute centers on the enforcement of a worldwide freezing order (WFO) issued on 18 March 2026 against the Second Defendant, Abdulaziz Rashed Abdulaziz Mohammed Almakhawi. The Claimant, Emirates NBD Bank, sought to compel the Second Defendant to disclose his global assets, a requirement he…
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·5 min read