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CREDIT SUISSE v ASHOK KUMAR GOEL [2020] DIFC CFI 066 — Jurisdiction over 'courts of Dubai' clauses (04 October 2020)
The DIFC Court of First Instance confirms that contractual references to the "courts of Dubai" effectively confer jurisdiction upon the DIFC Courts, validating the enforcement of a US$100 million worldwide freezing order against the Goel family.
CREDIT SUISSE v ASHOK KUMAR GOEL [2020] DIFC CFI 066 — Affirmation of DIFC Court jurisdiction over personal defendants (01 October 2020)
The dispute centers on a claim initiated by Credit Suisse (Switzerland) Limited against four individual defendants: Ashok Kumar Goel, Sudhir Goyel, Manan Goel, and Prerit Goel. The litigation was triggered by the Claimant’s attempt to secure legal recourse within the DIFC, leading to a defensive…
CREDIT SUISSE v ASHOK KUMAR GOEL [2020] DIFC CFI 066 — procedural management of freezing order and jurisdictional challenge (23 September 2020)
The litigation involves Credit Suisse (Switzerland) Limited seeking to enforce financial claims against four defendants: Ashok Kumar Goel, Sudhir Goyel, Manan Goel, and Prerit Goel. The core of the matter concerns the application of a freezing order initially granted by H.E.
CREDIT SUISSE v ASHOK KUMAR GOEL [2020] DIFC CFI 066 — Procedural adjournment and jurisdictional challenge (17 September 2020)
Justice Wayne Martin’s amended order in CFI 066/2020 addresses the procedural management of a freezing order and the immediate suspension of asset disclosure obligations pending a formal determination of the DIFC Court’s jurisdiction.
CREDIT SUISSE v ASHOK KUMAR GOEL [2020] DIFC CFI 066 — Worldwide freezing injunction and asset disclosure order (13 September 2020)
The lawsuit concerns a high-value debt recovery action initiated by Credit Suisse (Switzerland) Limited against Ashok Kumar Goel, Sudhir Goyel, Manan Goel, and Prerit Goel. The claimant sought to protect its position regarding a substantial financial exposure totaling USD 95,209,138.97.
BANK OF INDIA v SHRIUDHA VENTURES PTE [2020] DIFC CFI 066 — Default judgment for outstanding banking debt (26 March 2020)
The lawsuit initiated by Bank of India against Shriudha Ventures Pte Ltd centered on the recovery of substantial outstanding contractual and default interest arising from a banking facility.
FIMBANK v DUBAI INSURANCE CO [2023] DIFC CFI 065 — procedural termination of banking litigation (03 November 2023)
The litigation involved a Part 7 claim initiated by FIMBank P.L.C. and its DIFC branch against Dubai Insurance Co. PSC. While the specific underlying commercial cause of action—whether related to trade finance, credit insurance, or banking guarantees—remained unadjudicated due to the early…
Arif Naqvi v The Dubai Financial Services Authority [2021] DIFC CFI 065 — Judicial review of regulatory stay application (27 July 2021)
Arif Naqvi sought a stay of the regulatory proceedings initiated by the DFSA, arguing that the continuation of these proceedings would cause him irreparable prejudice regarding his defense in pending criminal proceedings in the United States. Mr.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CFI 065 — Procedural extension for appellate response (28 July 2022)
The litigation in CFI 065/2020 involves a complex multi-party banking dispute where a consortium of nine financial institutions—including Emirates NBD Bank PJSC, HSBC Bank Middle East Limited, and Dubai Islamic Bank PJSC—seeks legal recourse against Advanced Facilities Management LLC and several…
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CFI 065 — Refusal of permission to appeal regarding banking facility enforcement (04 July 2022)
The litigation centers on a multi-million dirham banking facility involving a syndicate of nine prominent financial institutions, including Emirates NBD Bank, HSBC Bank Middle East, and Dubai Islamic Bank, against a group of corporate entities and individuals led by Nasser Butti Omair Yousef…
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CFI 065 — Immediate judgment and specific performance in complex banking syndication (09 June 2022)
The litigation arose from a complex syndicated financing arrangement involving nine major financial institutions, including Emirates NBD Bank PJSC, HSBC Bank Middle East Limited, and Dubai Islamic Bank PJSC.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CFI 065 — Procedural directions following immediate judgment application (19 May 2022)
A procedural consent order establishing the timeline for the quantification of claims and costs following an application for immediate judgment in a multi-party banking dispute.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CFI 065 — Immediate judgment granted for AED 1.9 billion syndicated debt (09 May 2022)
The dispute centered on the failure of the borrower, Advanced Facilities Management, to meet its repayment obligations under a series of syndicated facility agreements executed on 27 December 2018.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2022] DIFC CFI 065 — procedural discipline and the refusal of adjournment (06 April 2022)
Justice Sir Jeremy Cooke rejects a last-minute adjournment request in a complex multi-party banking litigation, emphasizing that a party’s failure to fund legal representation does not excuse non-compliance with court-mandated evidence deadlines.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2021] DIFC CFI 065 — Procedural timeline adjustment by consent (03 June 2021)
The litigation, registered under case number CFI 065/2020, involves a substantial group of eight prominent financial institutions acting as Claimants against nine distinct entities and individuals, including Advanced Facilities Management LLC and Naser Butti Omair Yousef Almheiri.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2021] DIFC CFI 065 — Procedural timeline adjustment via consent order (27 April 2021)
The litigation involves a substantial banking dispute brought by a consortium of eight financial institutions—including Emirates NBD Bank, Al Khaliji France, HSBC Bank Middle East, United Arab Bank, United Bank Limited, National Bank of Fujairah, Commercial Bank of Dubai, and Noor Bank—against a…
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2021] DIFC CFI 065 — Procedural extension for complex multi-party banking litigation (23 March 2021)
The litigation involves a complex multi-party banking dispute where a consortium of eight major financial institutions, including Emirates NBD Bank, Al Khaliji France, and HSBC Bank Middle East, has initiated proceedings against a group of nine entities and individuals, primarily led by Advanced…
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2021] DIFC CFI 065 — Setting aside alternative service orders (17 March 2021)
The Defendants, a group of entities led by Advanced Facilities Management, sought to set aside an ex parte order for alternative service granted on 18 November 2020. Their primary contention was that the Claimants, a consortium of eight banks including Emirates NBD Bank, had failed to inform the…
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2021] DIFC CFI 065 — Procedural efficiency and on-paper determinations (03 March 2021)
The DIFC Court of First Instance affirms the judicial discretion to resolve procedural applications—including extensions of time—on paper to prevent tactical delays in complex banking litigation.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2020] DIFC CFI 065 — Procedural extension of time for multi-party banking litigation (31 December 2020)
The litigation involves a substantial banking dispute brought by a consortium of eight financial institutions against Advanced Facilities Management and eight other related entities and individuals, including Naser Butti Omair Yousef Almheiri.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2020] DIFC CFI 065 — Procedural extension for the Eighth Defendant (07 December 2020)
The litigation under claim number CFI 065/2020 involves a substantial group of banking institutions acting as Claimants against a series of corporate entities and an individual respondent.
EMIRATES NBD BANK v ADVANCED FACILITIES MANAGEMENT [2020] DIFC CFI 065 — Procedural extension for the eighth defendant (22 November 2020)
The lawsuit, filed under case number CFI 065/2020, involves a substantial group of eight prominent banking institutions acting as claimants against a series of nine defendants. The claimants include Emirates NBD Bank, Al Khaliji France, HSBC Bank Middle East, United Arab Bank, United Bank, National…
SANJA BOSKOVIC v MIRABAUD [2025] DIFC CFI 064 — Setting aside default judgment due to administrative service failure (16 September 2025)
The litigation originated from a claim filed by Sanja Boskovic against Mirabaud (Middle East) Ltd, seeking recovery of a significant financial sum. The dispute centers on contractual obligations and the handling of account information, which led the Claimant to initiate proceedings in the DIFC…
UNION INSURANCE COMPANY v INTERNATIONAL PRECIOUS METALS REFINERS [2025] DIFC CFI 064 — assessment of costs following unsuccessful appeal (11 July 2025)
The dispute concerns the quantification of legal costs following the dismissal of the Claimant’s application for permission to appeal a stay of proceedings. Having successfully defended the stay application, the Defendant sought recovery of its legal expenses, submitting a Statement of Costs…