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ES BANKERS (DUBAI) [2018] DIFC CFI 032 — Liquidator succession and resignation (27 August 2018)
The dispute centered on the administrative continuity of the liquidation proceedings for ES Bankers (Dubai) Limited. Following the resignation of Neville Kahn, who had been serving as a joint liquidator alongside Phil Bowers, the remaining liquidator needed to formalize the departure and secure the…
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2017] DIFC CFI 032 — Distribution of Subordinated Client Money Claims (18 September 2017)
The litigation concerns the complex insolvency proceedings of ES Bankers (Dubai) Limited, an entity regulated by the Dubai Financial Services Authority (DFSA). Following the commencement of liquidation, the Joint Liquidators sought judicial authorization to distribute funds to a specific subset of…
THE DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2016] DIFC CFI 032 — Interim distribution and bar date mechanics (15 December 2016)
The dispute centers on the ongoing liquidation of ES Bankers (Dubai) Limited (ESBD), an entity regulated by the Dubai Financial Services Authority (DFSA). Following the commencement of insolvency proceedings, the Joint Liquidators sought judicial authorization to distribute a "Further Interim…
COMMTEL HOLDING v ES BANKERS [2016] DIFC CFI 032 — Settlement of insolvency-related application notices (21 November 2016)
The dispute involved a wide array of applicants, including Commtel Holding (BVI) Inc, Runningwoods FZE, and a third group of entities including Damajomada Limited, Harmon Investments Limited, and Philippe Ginsberg, among others.
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2016] DIFC CFI 032 — Variation of liquidator remuneration authority (30 June 2016)
The underlying dispute concerns the insolvency proceedings of ES Bankers (Dubai) Limited, a firm previously regulated by the DFSA. Following the initial appointment of Joint Liquidators, the Court had previously established a framework for the approval of their fees and disbursements via an Order…
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2016] DIFC CFI 032 — Remuneration and disbursement order in bank liquidation (29 February 2016)
The dispute concerned the court-sanctioned approval of fees for the Joint Liquidators appointed to oversee the winding up of ES Bankers (Dubai) Limited. Following the regulatory intervention by the Dubai Financial Services Authority (DFSA) under the DIFC Regulatory Law (No.
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2015] DIFC CFI 032 — Judicial approval of liquidator remuneration (10 September 2015)
The dispute centers on the administrative costs associated with the compulsory liquidation of ES Bankers (Dubai) Limited, a process initiated by the Dubai Financial Services Authority (DFSA) under its regulatory mandate.
THE DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2015] DIFC CFI 032 — Remuneration and disbursement framework for liquidators (23 March 2015)
In the order dated 23 March 2015, the Court addressed the financial requirements of the liquidation process, specifically regarding the reimbursement of expenses incurred by the Joint Liquidators.
DUBAI FINANCIAL SERVICES AUTHORITY v ES BANKERS [2015] DIFC CFI 032 — Remuneration of Joint Provisional Liquidators (01 March 2015)
The lawsuit originated from the regulatory intervention by the Dubai Financial Services Authority (DFSA) against ES Bankers (Dubai) Limited, leading to the appointment of Joint Provisional Liquidators.
AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2015] DIFC CFI 032 — Order of Discontinuance (12 April 2015)
The litigation involved a civil claim brought by Ahmed Zaki Beydoun against Daman Real Estate Capital Partners Limited and Asteco Property Management L.L.C. While the specific underlying cause of action—whether related to contractual breaches, property management disputes, or investment…
AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2015] DIFC CFI 032 — Case management order regarding damages and costs (02 April 2015)
The litigation involves a claim brought by Ahmed Zaki Beydoun against Daman Real Estate Capital Partners Limited and Asteco Property Management LLC. While the underlying merits of the claim have progressed, the current phase of the proceedings is strictly focused on the quantification of damages…
AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2012] DIFC CFI 032 — Strike out application regarding alleged assignment of rights (10 July 2014)
The DIFC Court of First Instance clarifies the legal effect of purported assignments of future rights under Islamic finance structures, rejecting an attempt to strike out a successful claim on the basis of non-disclosure.
AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2013] DIFC CFI 032 — Procedural extension for Bill of Costs filing (07 November 2013)
The underlying dispute in CFI 032/2012 involved Ahmed Zaki Beydoun as the Claimant against Daman Real Estate Capital Partners Limited and Asteco Property Management LLC. Following the progression of the litigation, the Claimant reached the stage of recovering costs, which necessitated the formal…
MR AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2013] DIFC CFI 032 — Pre-trial procedural integrity and trial scheduling (07 May 2013)
The dispute in CFI 32/2012 centers on a real estate claim brought by Mr. Ahmed Zaki Beydoun against Daman Real Estate Capital Partners and Asteco Property Management. As the matter approached its trial phase, the First Defendant, Daman Real Estate Capital Partners, initiated a procedural challenge…
AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2013] DIFC CFI 032 — Case Management Order (20 February 2013)
The litigation involves a real estate sector dispute brought by the claimant, Ahmed Zaki Beydoun, against Daman Real Estate Capital Partners Limited and Asteco Property Management L.L.C.
AHMED ZAKI BEYDOUN v DAMAN REAL ESTATE CAPITAL PARTNERS [2013] DIFC CFI 032 — Procedural dismissal of default judgment application (07 January 2013)
The dispute centers on a procedural application for default judgment initiated by the Claimant, Ahmed Zaki Beydoun, against Daman Real Estate Capital Partners Limited and another. The Claimant sought to secure a judgment in default of a defence, having filed his request on 30 December 2012.
RISC MENA v DAVID JOHN WATERS [2010] DIFC CFI 032 — Procedural consolidation and stay of proceedings (14 January 2010)
This order addresses the procedural management of overlapping litigation between RISC MENA and David John Waters, resulting in the consolidation of CFI 32/2009 into CFI 31/2009 to ensure judicial efficiency.
HIS EXCELLENCY HAMAD SUHAIL AL KHAILI v BNP PARIBAS WEALTH MANAGEMENT [2022] DIFC CFI 031 — Refusal of permission to appeal and indemnity costs (01 March 2022)
The DIFC Court of First Instance reinforces strict procedural compliance and the high threshold for admitting fresh evidence in appellate proceedings, penalizing meritless applications with indemnity costs.
HIS EXCELLENCY HAMAD SUHAIL AL KHAILI v BNP PARIBAS WEALTH MANAGEMENT [2021] DIFC CFI 031 — Immediate judgment for unauthorized investment claims (15 December 2021)
The dispute centered on the Claimant’s allegation that the Defendant executed investment and currency conversion instructions without proper authorization. The Claimant contended that the Defendant, acting as his wealth management provider, exceeded its mandate by facilitating investments in two…
HIS EXCELLENCY HAMAD SUHAIL AL KHAILI v BNP PARIBAS WEALTH MANAGEMENT [2021] DIFC CFI 031 — Case Management Order (17 August 2021)
The litigation involves a civil claim brought by His Excellency Hamad Suhail Al Khaili against BNP Paribas Wealth Management (DIFC) Limited. While the specific underlying causes of action are not detailed in the procedural order, the case arises within the context of the wealth management sector,…
HIS EXCELLENCY HAMAD SUHAIL AL KHAILI v BNP PARIBAS WEALTH MANAGEMENT [2021] DIFC CFI 031 — Procedural amendment of pleadings by consent (20 April 2021)
The litigation involves a high-stakes financial dispute between His Excellency Hamad Suhail Al Khaili and the DIFC-based entity of the global banking institution, BNP Paribas Wealth Management.
CREDIT EUROPE BANK v NEW MEDICAL CENTRE TRADING [2020] DIFC CFI 031 — Consent order for indefinite freezing order extension (04 June 2020)
The dispute centers on a freezing and provision of information order sought by Credit Europe Bank (Dubai) Ltd against New Medical Centre Trading LLC, NMC Healthcare LLC, and Bavaguthu Raghuram Shetty.
CREDIT EUROPE BANK v NEW MEDICAL CENTRE TRADING [2020] DIFC CFI 031 — Consent order continuing freezing injunction (12 May 2020)
The dispute arises from a significant financial exposure involving Credit Europe Bank (Dubai) Ltd and the NMC Healthcare group of companies. The claimant sought urgent interim relief to prevent the dissipation of assets, naming New Medical Centre Trading LLC, NMC Healthcare LLC, and Bavaguthu…
CREDIT EUROPE BANK v NEW MEDICAL CENTRE TRADING [2020] DIFC CFI 031 — Consent order regarding freezing order and asset disclosure deadlines (14 April 2020)
The lawsuit involves Credit Europe Bank (Dubai) Ltd as the intended claimant, seeking significant financial relief against three defendants: New Medical Centre Trading LLC, NMC Healthcare LLC, and Bavaguthu Raghuram Shetty.