Dubai, UAE | 22 July 2025
MB secures EUR 1 million victory for PGM Technologies in DIFC cross-border dispute
We are delighted to announce that Matouk Bassiouny’s (“MB”) International Dispute Resolution team successfully obtained a favourable judgment for PGM Technologies in a cross-border breach of contract case before the Dubai International Financial Centre (“DIFC”) Courts.
The dispute arose from a breach of contractual obligations, payment defaults, and the enforcement of agreed terms. The DIFC Court awarded our client full recovery of EUR 1,000,000, together with contractual interest at 5% per annum from the date of breach, post-judgment interest at the same rate until payment, and costs totalling USD 100,752.28.
The team advising on this case was led by Ahmed Tony (Partner), supported by Youssef Nassar (Senior Associate) and Alia Elraey (Associate).
Led by Founding Partner and Group Head of Dispute Resolution, F. John Matouk, our International Dispute Resolution team brings extensive experience in representing clients before the ADGM and DIFC Courts in the UAE. Our team is common law qualified, with F. John Matouk admitted in New York, Ahmed Tony in England and Wales, Youssef Nassar in New York, and Alia Elraey in England and Wales. As part of our commitment to providing comprehensive legal services, we collaborate with specialist barristers to ensure our clients receive the highest quality representation throughout the litigation process.
For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.