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BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
BUSINESS LIST (ChD)
Fetter Lane, London, EC4A 1NL |
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B e f o r e :
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Ras Al Khaimah Investment Authority |
Claimant |
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- and - |
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Farhad Azima |
Defendant |
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Hearing dates: 10th June 2024
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Crown Copyright ©
Mr Justice Michael Green:
"In respect of bodies corporate which are directly or indirectly owned and/or controlled by the Respondent, procure or permit those bodies corporate to dispose of, deal with or diminish the value of any of their respective assets whether inside or outside England and Wales up to the same value."
"The Respondent is to be regarded as having such power if a third party (which shall include any bodies corporate owned directly or indirectly owned and/or controlled by the Respondent) holds or controls the asset in accordance with its, her or his direct or indirect instructions."
"The Applicant will not without the permission of the Court seek to enforce this order in any country outside England and Wales [or seek an order of a similar nature including orders conferring a charge or other security against the Respondent or the Respondent's assets]."