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Dubai Court of Appeal Examines Bank Liability for Investment Assets Frozen Under UK Sanctions

A Dubai Court of Appeal judgment examining bank liability for investment assets frozen under UK sanctions, highlighting the importance of contractual roles, third-party custody arrangements, asset location and applicable regulatory obligations in cross-border investment disputes.

Abu Dhabi Court of Cassation Clarifies Liability Under Investment Management and Custody Arrangements

An Abu Dhabi Court of Cassation judgment clarifying that the liability of licensed financial institutions in managed investment arrangements depends on the substance of their contractual roles, rather than labels such as “limited-discretion manager” or agent. The Court confirmed that institutions assuming investment-management, custody and liquidation responsibilities may be liable for outstanding investment balances, while directors and managers are not automatically personally liable absent separate wrongdoing.