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UAE

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In brief Unilateral jurisdiction clauses, commonly known as asymmetric jurisdiction agreements, are common in certain international commercial agreements, in particular in the context of international banking practice. These clauses permit one party to select the jurisdiction and forum for dispute resolution in respect of any claims it may have against the other party under the agreement, whilst not affording the counterparty with the same flexibility. In the case of Lara Basem Musa Khoury v Mashreq…

In brief In a landmark judgment issued on 6 September 2023 in (1) Sandra Holding Ltd (2) Nuri Musaed Al Saleh (together the “Respondents”) v. (1) Fawzi Musaed Al Saleh (2) Ahmed Fawzi Al Saleh (3) Yasmine Fawzi Al Saleh (4) Farah El Merabi (together the “Appellants”) [2023] DIFC CA 003 (the “Judgment”), the DIFC Court of Appeal (CA) has overturned a Worldwide Freezing Order (WFO) issued by the Court of First Instance on the…