Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision
17. února 2025
Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision17. února 2025 Carmon Reestrutura-Engenharia E Serviços Técnios Especiais, (SU) LDA v Antonio Joao Catete Lopes Cuenda [2024] DIFC CA 003 Key Takeaways
The Facts of the CaseThe claimant (“C”), an Angolan construction company, claimed that its former senior officer (“D”) misappropriated over USD 20 million, transferring the funds to accounts worldwide, including two with a Dubai-based bank. The DecisionThe DIFC Court of Appeal upheld C’s appeal and reinstated the WFO, confirming that the DIFC Courts have jurisdiction to issue FOs in support of anticipated foreign judgments. The Court gave the following reasons:
This decision reinforces the DIFC’s role in the global market for "litigation business", solidifying its reputation as a forward-thinking and efficient forum for international dispute resolution in a key financial hub. [1] (1) Sandra Holding Ltd (2) Nuri Musaed Al Saleh v (1) Fawzi Musaed Al Saleh (2) Ahmed Fawzi Al Saleh (3) Yasmine Fawzi Al Saleh (4) Farah El Merabi [2023] DIFC CA 003 Law No. 12 of 2004 in respect of the Judicial Authority at DIFC as amended [2] Broad Idea International Ltd v Convoy Collateral Ltd (British Virgin Islands) [2021] UKPC 24. Latest Insights
Latest News
Latest Akce a školení
guides and reports 10. září 2026 EU Cyber Resilience Act: Single Reporting Platform Goes Live legal updates 10. září 2026 Hong Kong: PCPD issues further guidance on best practices in the use of age... legal updates 10. září 2026 Global Life Sciences & Healthcare Bulletin legal updates 09. září 2026 EU Sustainability Omnibus Package: key changes and implications for busines... zásadní zprávy 26. srpna 2026 Eversheds Sutherland strengthens top-ranked pensions practice with appointm... klientské novinky 13. srpna 2026 Eversheds Sutherland advises H.I.G. Capital on investment in Phoenix ME klientské novinky 13. srpna 2026 Eversheds Sutherland reappointed to the UK's Government Commercial Agency l... zásadní zprávy 12. srpna 2026 William A. Nelson, Former Investment Adviser Association Policy Leader, Joi... in-person Basic foundations of US employment law 17. září 2026 9.30am - 4.30pm (GMT) Londýn, Spojené království in-person 2026 BDC Roundtable 23. září 2026 Washington DC, Spojené státy americké virtual Employment law in the Kingdom of Saudi Arabia 29. září 2026 9.30am - 12.30pm (BST) Virtual in-person Labor relations conference - turning legal change into workplace reality 08. října 2026 10.00am - 4.00pm (BST) Londýn, Spojené království |