DIFC ARB 002/2023
Mufra v Mapart
Type
Case
Court
Dubai International Financial Centre - Court of First Instance
Jurisdiction
Dubai International Financial Centre, Kuwait
Taxonomy
Lending & Security, Guarantees, Arbitration, Litigation Procedure & Practice
Decision date
13 Jun 2023
Panel
H.E. JUSTICE SHAMLAN AL SAWALEHI
Catchwords
Kuwaiti Ruling - Interim Injunction - Enforcement - Convertible Loan - Convertible Note - Promissory Note Deed of Release
This case involved a request for an interim injunction preventing the enforcement of a Kuwaiti judgment. There had been a promissory note deed of release under which it had been promised no direct or indirect claim of any kind would be taken involving a convertible loan and note. It was claimed the Kuwaiti decision on the enforcement of a New York Judgment had been obtained fraudulently. It had been agreed any dispute involving the deed of release would go to arbitration.