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NATIXIS S.A. v FAST TELECOM GENERAL TRADING [2016] DIFC CFI 047 — Immediate judgment for breach of facility agreement (15 May 2018)
The DIFC Court of First Instance affirms the threshold for immediate judgment in commercial banking disputes, confirming that a defendant’s failure to present a substantial defense to clear contractual obligations necessitates summary disposal.
NATIXIS S.A. v FAST TELECOM GENERAL TRADING [2016] CFI 047 — Immediate judgment granted for breach of facility agreement (15 January 2018)
The dispute centered on a breach of a Facility Agreement dated 22 December 2015, under which Natixis S.A. provided an uncommitted loan facility of up to USD 30,000,000.00 to Fast Telecom General Trading LLC.
NATXIS S.A. v FAST TELECOM GENERAL TRADING [2017] DIFC CFI 047 — Judicial removal of legal counsel (02 March 2017)
The litigation between Natxis S.A. and Fast Telecom General Trading LLC reached a procedural juncture in early 2017 regarding the status of the defendant’s legal counsel. The dispute, initiated under case number CFI 047/2016, involved a formal application filed by the law firm CVML, which had been…