cfi 079 2018

FIMBANK PLC v AOS TRADING DMCC [2019] DIFC CFI 079 — Default judgment for multi-million dollar banking claim (04 March 2019)

FIMBank PLC, operating through its DIFC branch, initiated these proceedings to recover outstanding debt arising from a commercial credit arrangement. The dispute centered on the Claimant’s demand for the recovery of a principal amount of USD 20,282,763.71, which remained unpaid by the Defendant,…