Default judgment granted in part in long-running hacking and fraud claim (Ras Al Khaimah Investment Authority v Azima and others)

Table of contents

• What are the practical implications of this case?
• What was the background?
• What did the court decide?
• Case details

Article summary

Dispute Resolution analysis: The High Court has granted default judgment on part of a counterclaim against the Ras Al Khaimah Investment Authority (RAKIA) in a long-running set of proceedings, following the decision by the Investment Authority to take no further part in the proceedings. However, following submissions made by additional defendants in the proceedings, another part of the counterclaim will proceed to trial in 2024. Written by Phillip Patterson, barrister, Gatehouse Chambers.