Tags : Peter Wood

News United Arab Emirates

Al Tamimi & Co successful in AED1.9b Immediate Judgment application 

DIFC Court has granted Immediate Judgment to a syndicate of nine banks following the failure by the borrower and eight guarantors to re-pay AED1.9 billion syndicated conventional and Islamic facilities (and other failures).  Al Tamimi & Company was instructed by the syndicate and in succeeding at this early procedural stage, the banks have avoided very significant costs and lengthy […]