Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision
17. Februar 2025
Freezing Orders: DIFC Courts Expand Role in Global Asset Recovery with Landmark Decision17. Februar 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. Publikationen
News
Events und Trainings
legal updates 26. Juni 2026 EU Tax Omnibus Proposal: Simplification of EU Direct Tax Framework legal updates 25. Juni 2026 UK: FCA consults on changes to its penalty and decision-making policies legal updates 25. Juni 2026 China: Counter-sanctions and EU due diligence obligations legal updates 24. Juni 2026 Arbeiten im Alter – ab 2027 gibt es neue Anreize und Entlastungen client news 17. Juni 2026 Advising Trane Technologies on the acquisition of Transport-Kälte-Vertrieb ... kanzlei-news 15. Juni 2026 Eversheds Sutherland continues European expansion with further strategic pa... client news 09. Juni 2026 Eversheds Sutherland powers 12 key deals for Gresham House Energy Storage F... client news 04. Juni 2026 Next stop, public ownership: Eversheds Sutherland advises DfT on GTR transi... virtual Energy Transition Series - Project Financing BESS: Comparing the UK market ... 08. Juli 2026 10:00 ET | 15:00 BST | 16:00 CET virtual UAE - Employment law in the Dubai International Financial Centre 10. September 2026 9.30am - 1.30pm (GMT) Virtual in-person Managing AI use in the workplace: what every UK HR team needs to know 10. September 2026 9.30am - 1.00pm (BST) London, Vereinigtes Königreich in-person Basic foundations of US employment law 17. September 2026 9.30am - 4.30pm (GMT) London, Vereinigtes Königreich |