Another Step Forward For Enforcement Of Foreign Court Judgments In The United Arab Emirates

In a recent decision dated 4 June 2024, the Dubai Court of Cassation (Court of Cassation) in Case No. 392 of 2024 held that a summary judgment issued by the Ontario Superior Court of Justice, Canada, recognizing a restitution order issued in a criminal case in New York, United States of America (USA), was enforceable in the United Arab Emirates (UAE).

BACKGROUND

In the Canadian proceedings, the USA sought to enforce civilly a restitution order made against the defendant in a criminal case in which the defendant was found guilty of securities fraud and conspiracy to commit money laundering. He was also sentenced to 72 months imprisonment and received a US$25 million fine.

The Canadian judgment recognized the restitution order and enforced it as a judgment issued by the Canadian courts, and also ordered the defendant to pay certain amounts, including interest, legal costs, and advocacy fees.