QFC 005/2010

Omara and another v Al Mal Bank LLC-1

Background facts

By an application of 17 December 2010, the liquidators of Al Mal Bank LLC bank applied for a freezing order against the respondent Taha Babiker, a former officer of the bank, as well as for disclosure and restriction of travel orders. The application was made under Article 105 of QFC Regulation No. 5/2005 (the ‘Insolvency Regulations’). It was supported by an affidavit of the same date and accompanied by written submissions of counsel. After a telephone hearing on the day the application was made, the court declined to make any orders without notice but shortly thereafter gave directions for the further conduct of the matter. Written submissions were then exchanged before the instant judgment.

Legal submissions