Skip to Content

CFI 053/2018 In the matter of Abraaj Capital Limited

CFI 053/2018 In the matter of Abraaj Capital Limited

August 15, 2018


Claim No. CFI-053-2018








UPON the Application of ABRAAJ Capital Limited (the “Company”) dated 1 August 2018 for the appointment of joint provisional liquidators to the Company pursuant to Article 59 of the DIFC Insolvency Law No 3 of 2009

UPON hearing Counsel for the Company at a hearing held before H.E. Justice Ali Al Madhani on 14 August 2018

UPON reading the petition for the winding up of the Company filed with the Court on 1 August 2018 (the “Petition”)

AND UPON reviewing the evidence recorded on the Court file


1. Mr David Soden and Mr Phil Bowers of Deloitte LLP, Al Fattan Currency House, DIFC, Building 1, Dubai, PO Box 112865 are hereby appointed as Joint Provisional Liquidators of the Company.

2. The Joint Provisional Liquidators shall have all the powers as set out in Schedule 3 of the Insolvency Law, DIFC Law No.3 of 2009, with the exception of those listed at paragraphs 1, 9, 10 and 11.

3. The Company shall cause the Petition to be advertised pursuant to Rules of the DIFC Courts (“RDC”) 54.62 and published in accordance with RDC 54.63 and the Practice Direction (PD 3/2011) not less than seven business days before the date appointed for the hearing of the Petition.

4. From the date and time of this Order, no suit, action or other proceeding shall be proceeded with or commenced against the Company except with the leave of this Court and subject to such terms as this Court may impose.

5. The Joint Provisional Liquidators shall file an up-to-date financial statement with respect to the Company within 30 days of the date of this Order.

6. The Joint Provisional Liquidators shall be at liberty to apply for such further or other directions as they may deem necessary.


7. Costs of the Application be reserved to the hearing of the Petition.


Issued by:

Ayesha Bin Kalban

Assistant Registrar

Date of issue: 15 August 2018

At: 4pm


Privacy Policy

The Dubai International Financial Centre and all its affiliates are committed to preserve the confidentiality, integrity and availability of client data and personal information.

Dubai International Financial Centre and all its affiliates employees, vendors, contract workers, shall follow Information Security Management System in all the processes and technology.

  1. DIFC Courts's Top Management is committed to secure information of all our interested parties.
  2. Information security controls the policies, processes, and measures that are implemented by DIFC Courts in order to mitigate risks to an acceptable level, and to maximize opportunities in order to achieve its information security objectives.
  3. DIFC Courts and all its affiliates shall adopt a systematic approach to risk assessment and risk treatment.
  4. DIFC Courts is committed to provide information security awareness among team members and evaluate the competency of all its employees.
  5. DIFC Courts and all its affiliates shall protect personal information held by them in all its form.
  6. DIFC Courts and all its affiliates shall comply with all regulatory, legal and contractual requirements.
  7. DIFC Courts and all its affiliates shall provide a comprehensive Business Continuity Plan encompassing the locations within the scope of the ISMS.
  8. Information shall be made available to authorised persons as and when required.
  9. DIFC Courts’s Top Management is committed towards continual improvement in information security in all our processes through regular review of our information security management system.


The content of the DIFC Courts website is provided for information purposes only and should be disregarded when making decisions on inheritance and any other matters. Whilst every reasonable effort is made to make the information and commentary accurate and up to date, the DIFC Courts makes no warranties or representations to you as to the accuracy, authenticity or completeness of the content on this website, which is subject to change at any time without notice. The information and commentary does not, and is not intended to, constitute legal advice by the DIFC Courts or any person employed or connected with it or formerly so employed or connected, to any person on any matter, be it in relation to inheritance, succession planning or otherwise. You are strongly advised to obtain specific, personal advice from a suitably qualified lawyer in relation to your personal circumstances and your objectives. The DIFC Courts does not assume any liability and shall not be liable to you for any damages, including but not limited to, direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this website, its administration and any content or lack thereof found on it. The information on this web site is not to be displayed except in full screen format. Although care has been taken to provide links to suitable material from this site, no guarantee can be given about the suitability, completeness or accuracy of any of the material that this site may be linked to or other material on the internet. The DIFC Courts cannot accept any responsibility for the content of material that may be encountered therein.