DCC 42/2008
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai, United Arab Emirates
Taxonomy
Share Schemes, Personal Representatives & Administration of Estates
Copyright
LexisNexis
Decision date
13 May 2008
Catchwords
Inheritance - Estate - Shares - Administrator
This case involved whether an estate administrator had the right to freeze shares.
Background
The Respondent (Plaintiff in the first instance) was an investor who owned 3,757,127 shares in a bank and 115,271 shares in an investment company.
The Appellant without having any right decided to seize or freeze these shares on the basis of a letter from the administrator of the estate, which caused the Plaintiff material and moral damages that required compensation, which prompted him to file this lawsuit.
Proceedings
Court of first instance | decision dated 12/07/2007
The court rejected the case.
Appeal at Sharjah Court of Appeal |dated 16/12/2007
Appeal rejected and appealed judgment confirmed.
Appeal in Cassation before Dubai Court of Cassation