cfi 050/2021

LATAVIA v LAZAR [2021] DIFC CFI 050 — Enforcement of share pledges and the limits of onshore bankruptcy stays (26 July 2021)

The dispute centers on the Claimant’s attempt to recover substantial debts arising from a series of Islamic finance facilities. Latavia, a UAE-incorporated bank, sought to enforce its security interest over 149,555,275 ordinary shares in Leane PLC, which were pledged by the Defendant, Lazar, to…