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uae-difc-cases
GTC TRADING v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2024] DIFC CFI 046 — Refusal of stay of execution pending appeal (18 January 2024)
The DIFC Court of First Instance reinforces the principle that a judgment creditor is entitled to the fruits of its judgment, denying a stay of execution to a defendant with a history of asset concealment and contempt.
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·5 min read
uae-difc-cases
GTC TRADING SA v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2023] DIFC ENF 022 — Contempt of court for failure to comply with freezing order (30 November 2023)
This enforcement order clarifies the limits of a defendant’s right to challenge jurisdiction, affirming that a Worldwide Freezing Order remains binding until formally set aside.
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·5 min read
uae-difc-cases
GTC TRADING SA v HAZEM ABDOLSHAHID MAHMOUDI RASHED [2023] DIFC ENF 022 — Contempt of court for failure to comply with freezing order (28 November 2023)
The litigation originates from a judgment issued by the Dubai Court of First Instance on 14 November 2016 in claim number 726 of 2016. GTC Trading SA sought to enforce this judgment within the DIFC, which required the First Defendant, Hazem Abdolshahid Mahmoudi Rashed, to pay a substantial sum of…
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·5 min read