DIFC 054/2019 issued on 28 October 2021
Larmag Holding Bv v (1) First Abu Dhabi Bank PJSC (2) Fab Securities LLC (3) Abdulla Saeed Bakheet Obaid Aljaberi (4) Ali Mohamed (5) Elite Holding Group
Type
Case
Court
Dubai International Financial Centre - Court of First Instance
Jurisdiction
Dubai International Financial Centre
Taxonomy
Representation in Civil Proceedings, Litigation Procedure & Practice, Financial & Business Offences, Forgery
Decision date
28 Oct 2021
Panel
Justice Sir Richard Field
Catchwords
Legal Representation - New Legal Representative - Not involved in all areas - Forgery - Bond Theft
This case involved the filing of a De Novo review of a registrar's decision considering a party as a litigant in person as their legal representative had changed and the new legal representative had not wanted to be responsible for all elements of the case.
Background
Proceedings were brought against the Third Defendant D3 in November 2019 alleging that, acting alone, or in conjunction with others, he had fraudulently misappropriated 70,000 Reditum bonds with a nominal value of Euros 70 million that were in the ownership of the Claimant.