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uae-difc-cases
NAASHIR v NAQID [2024] DIFC CFI 079 — Renewed application for permission to appeal dismissed in USD 335 million debt recovery (03 October 2024)
The litigation concerns a substantial debt recovery claim brought by the Claimant, a bank acting on behalf of a syndicate of lenders, against a series of individual and corporate defendants.
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·6 min read
uae-difc-cases
NAASHIR v NAQID [2024] DIFC CFI 079 — Dismissal of appeal against USD 508 million immediate judgment (23 July 2024)
The litigation concerns a high-value enforcement action initiated by the Claimant, a United States national banking association acting as a Security Agent for a syndicate of lenders.
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·5 min read