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ACTINA v STANDARD CHARTERED BANK [2018] DIFC CFI 045 — Consent order dismissing proceedings (10 October 2018)
The litigation involved a claim brought by Actina FZCO against Standard Chartered Bank. While the specific underlying causes of action were not detailed in the final consent order, the procedural history reveals a contentious battle over the pleadings, specifically regarding the Claimant’s attempt…
ACTINA FZCO v STANDARD CHARTERED BANK [2018] DIFC CFI 045 — Permission to appeal granted (18 June 2018)
The litigation involves a commercial dispute between Actina FZCO, the Claimant, and Standard Chartered Bank, the Defendant. While the specific underlying facts of the substantive claim remain subject to ongoing proceedings, the matter reached a critical juncture following an Order issued by H.E.
ACTINA v STANDARD CHARTERED BANK [2018] DIFC CFI 045 — Procedural timeline for amended pleadings (26 April 2018)
The litigation involves a claim brought by Actina Fzco against Standard Chartered Bank, currently proceeding through the DIFC Court of First Instance. The matter reached a procedural juncture in April 2018, necessitating judicial intervention to manage the timeline for the exchange of pleadings.
ACTINA FZCO v STANDARD CHARTERED BANK [2018] DIFC CFI 045 — Dismissal of immediate judgment application (12 April 2018)
The DIFC Court of First Instance affirms that complex allegations of fraud and misrepresentation in banking disputes require a full trial, rejecting attempts to dispose of claims via summary judgment.
ACTINA v STANDARD CHARTERED BANK [2018] DIFC CFI 045 — Procedural alignment via consent order (01 February 2018)
The litigation concerns a banking dispute between the Claimant, Actina FZCO, and the Defendant, Standard Chartered Bank. The primary point of contention at this stage of the proceedings involved the Claimant’s desire to amend its Statement of Claim, a move that necessitated a corresponding…
ACTINA FZCO v STANDARD CHARTERED BANK [2017] DIFC CFI 045 — Default judgment for financial mis-selling and unauthorized deductions (07 November 2017)
The dispute centered on the Defendant’s sale of an "FX-SCB Product" to the Claimant, Actina Fzco, which the Court ultimately determined was mis-sold to an unsophisticated investor. The Claimant alleged that the bank had wrongly classified it as a "Client" rather than a "Retail Customer," leading to…