DIFC 030/2022, [2022] DIFC CFI 030

Mad Atelier International B.V. v (1) Axel Manes (2) Catherine Zhilla

This case involved the default on loans related to an international restaurant chain which had a company/restaurant in the DIFC. The English courts had issued a worldwide freezing order and there had been enforcement proceedings and proceedings to appoint a receiver in the DIFC courts. Issues included who was the beneficial owner of the DIFC company from its incorporation. A Dubai Court rulling had also order ownership of the DIFC company shares to be transferred to the former wife and children of the believed beneficial in divorce proceedings.

Background

The history of these proceedings was linked to proceedings which have taken place in France, the UK and onshore Dubai and were currently taking place in Belgium.