Al Tamimi & Company acted for Techteryx Ltd in securing the first Worldwide Freezing Order by DIFC Digital Economy Court
Al Tamimi & Company represented Techteryx Ltd in obtaining the first-ever Worldwide Freezing Order issued by the DIFC Courts’ Digital Economy Court in DEC-001-2025 (Techteryx Ltd v Aria Commodities DMCC & Ors).
The landmark decision marks a significant development in the preservation and enforcement of cross-border digital asset disputes in the DIFC jurisdiction. It demonstrates the Court’s ability to act swiftly to preserve assets, enforce proprietary rights, and support proceedings taking place in other financial centres, including the Cayman Islands and Hong Kong.
In the case, the Court granted worldwide freezing and proprietary injunctions valued at USD 456 million to safeguard funds designated as reserves for a US dollar-backed stablecoin. The order also included extensive disclosure to trace funds into assets reportedly acquired by a Dubai-based entity globally. The decision underscores Dubai’s role as a leading jurisdiction in digital asset finance and its capacity to deliver modern remedies in complex international disputes.
The Al Tamimi & Company team was led by David Holloway (Partner) and Daniel McCarthy (Barrister), supported by Rita Jaballah (Associate), Max Davis (Associate), and Malavika Vijayan (Associate). The team continues to collaborate with Techteryx’s legal teams in Hong Kong and the Cayman Islands.
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