uae-difc-cases
NUREEN v NIKIR [2023] DIFC SCT 298 — Breach of Letter of Intent and refund obligations (12 January 2024)
The dispute centered on a failed share purchase transaction initiated by a Letter of Intent (LOI) dated 7 April 2022. The Claimant, Nureen, sought to acquire a 50% stake in the First Defendant, Nikir, from the Second Defendant, Niplu, for a total consideration of AED 4,000,000.
