cfi 040/2020

E D & F MAN CAPITAL MARKETS v PHOENIX COMMODITIES [2020] DIFC CFI 040 — Default judgment for multi-million dollar debt (11 June 2020)

The litigation arose from a claim initiated by E D & F Man Capital Markets Limited against Phoenix Commodities (Pvt) Limited and Phoenix Global DMCC. The claimant sought recovery of a substantial debt, resulting in a court-ordered judgment sum of USD $2,735,317.63.