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GTC TRADING S.A. v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2024] DIFC CFI 046 — Dismissal of renewed permission to appeal regarding enforcement of onshore judgments (18 September 2024)
Chief Justice Zaki Azmi confirms the autonomy of the DIFC Courts in executing onshore Dubai judgments, rejecting attempts to subordinate DIFC enforcement procedures to onshore judicial directives.
GTC TRADING S.A. v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2026] DIFC CFI 046 — Dismissal of application to purge contempt (24 February 2026)
The lawsuit concerns the enforcement of a long-standing judgment debt owed by Hazem Abdolshahid Mahmoudi Rashed to GTC Trading S.A. Following earlier findings of contempt by Justice Sir Jeremy Cooke in November 2023, the First Defendant was subject to a debarring order that stripped him of his…
GTC TRADING S.A. v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2026] DIFC CFI 046 — Approval of share sale and amendment of payment mechanism (30 January 2026)
The dispute concerns the enforcement of a judgment debt originally valued at approximately USD 24.29 million, arising from a Dubai Commercial Court judgment recognized by the DIFC Courts. The primary assets subject to execution are shares in H.M.R. Investment Holding Ltd (the "HMR Shares").
GTC TRADING SA v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2024] DIFC CFI 046 — Enforcement, contempt, and the rejection of tactical delays (30 May 2024)
The DIFC Court of First Instance reinforces its authority to execute recognized onshore judgments, dismissing attempts by the Defendants to stall proceedings through last-minute applications for adjournments and unmeritorious appeals.
GTC TRADING SA v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2024] DIFC CFI 046 — Dismissal of stay and extension application (27 May 2024)
The First Defendant, Hazem Abdolshahid Mahmoudi Rashed, filed an application seeking a comprehensive halt to the ongoing litigation involving GTC Trading SA. The application, filed just days before a critical hearing, requested a stay of all proceedings associated with the enforcement actions ENF…