DIFC 067/2020
Lala v Lanken
This case involved outstanding amounts on a loan and some credit cards. Under the terms of the loan agreement DIFC jurisdiction had been opted into. However, there was no equivalent evidence of jurisdictional opt in for the credit cards so those claims were dismissed.
Background
The Claimant was a bank providing financial services including credit cards and personal loans to customers.
The Defendant was an individual customer of the Claimant Bank.
The parties entered into a written agreement on 30 May 2017, entitled ‘Lala Simply life Personal Loan and Credit Card Application Form'.
On 15 June 2017, following an Application made by the Defendant, the Claimant was approved for the sale of a Simply Life Personal Loan of 300,000 AED, that was repayable in 48 monthly instalments of 7,329 AED.
The Personal Loan account had been in arrears since 25 September 2019. The outstanding amount allegedly owed by the Defendant to the Claimant in relation to the Personal Loan was 224,864.19 AED.