DIFC breaks legal precedent with freeze enforcement order | The National

DIFC breaks legal precedent with freeze enforcement order | The National:

"For the first time in its nine-year history, a DIFC court has granted a freeze enforcement order on the basis of a ruling in a foreign court.

Dubai International Financial Centre Courts granted an application brought by the government of Djibouti against a Dubai-based businessman, Abdourahman Boreh, to freeze assets worth more than US$5 million in the emirate’s financial free zone. Mr Boreh assented to the order.

Sir David Steel, the DIFC judge in the case, said there was “a real risk of dissipation of assets”. A London court last month issued a worldwide freezing order on Mr Boreh, covering assets to the value of $111.5m."

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