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DUBAI FINANCIAL SERVICES AUTHORITY v HUSAM A. ABU-AMARA [2007] DIFC CFI 001 — Regulatory discontinuance and discharge of injunctions (29 October 2007)
The litigation involved a broad regulatory enforcement action initiated by the Dubai Financial Services Authority (DFSA) against Husam A. Abu-Amara and several corporate entities, including the 7th Defendant, Time Telecommunications.
DUBAI FINANCIAL SERVICES AUTHORITY v HUSAM A. ABU-AMARA [2007] DIFC CFI 001 — Adjournment and continuation of regulatory injunction (24 July 2007)
The litigation, initiated under case number CFI 1/2007, involves the Dubai Financial Services Authority (DFSA) acting against a wide array of defendants, including Husam A. Abu-Amara, Globalstar Telecom & Technology, and Time Telecommunications.
DUBAI FINANCIAL SERVICES AUTHORITY v HUSAM A. ABU-AMARA [2007] DIFC CFI 001 — Regulatory stay of proceedings (06 May 2007)
The lawsuit originated from the DFSA’s regulatory mandate to police unauthorized financial services within the DIFC jurisdiction. The DFSA sought to restrain the defendants from making representations regarding financial exchanges and related services without the requisite authorization.