DIFC 032/2014 on 29/02/2016

Dubai Financial Services Authority v ES Bankers (Dubai) Ltd on 29/02/2016

Summary

The joint provisional liquidators applied for remuneration and disbursements. The judge permitted the application. The joint liquidators' remuneration for the period 19 April 2015 to 18 October 2015 (the second six months of the liquidation were to be fixed in the sum of USD 2,582,778. The joint liquidators were to be permitted to draw disbursements up to but not exceeding GBP 30,000 per month out of the liquidation estate until 31 December 2016, with liberty to apply if necessary for the continuance or variation of the order. The costs of and occasioned by the present application were to be costs in the liquidation (see [1]-[4] of the order).

Law reporter

Reported by Charlotte Hennessey , Solicitor (non-practising) of the Senior Courts of England and Wales.