DIFC 266/2019

Jiuena Commercial Bank (PJSC) v Jiddu

This case involved amounts owed under a loan which was subject to a top-up loan with an agreement, and for a credit card. The outstanding amounts owed under the loan and top-up were awarded plus interest as the top-up agreement showed the parties had opted into the DIFC court jurisdiction. The amounts for the credit card were dismissed as the parties were not DIFC entities and there was no evidence that they had opted into the DIFC court jurisdiction.

Background

The claimant was a bank Jiuena Commercial Bank (PJSC), providing financial services including credit cards and personal loans to customers. The defendant was Jiddu, a Canadian national. The parties entered into a written agreement on 11 March 2014, entitled ‘Jiuena Salam Personal Finance and Credit Card Application Form. The Defendant received a loan of 600,000AED payable in 36 instalments.