cfi 056 2017

BANQUE CANTONALE DE GENEVE v SEYED ABBASALI MARASHI [2018] DIFC CFI 056 — Default judgment for USD 11.9 million (15 March 2018)

The litigation arose from a substantial financial claim brought by Banque Cantonale De Geneve against Seyed Abbasali Marashi. The claimant sought recovery of a specified sum of money, which ultimately formed the basis of the court’s order for the defendant to satisfy the debt.