FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / memo-execution-korinthian-dmcc-receivables.docx
memo-execution-korinthian-dmcc-receivables.docx · 1044-00001

Parties

HARKNESS LLP
Logistics SA
Korinthian Maritime Holdings Ltd
Hartwell Pemberton LLP
Oceangate Ventures Ltd
Al-Safwa Bulk Carriers LLC
Neptune Tankers Management Inc
Larkspur Partners LLC

Dates

—

Amounts

USD 1.00

Obligations

The application must specify the third-party debtor, the nature and estimated amount of the debt, and the basis upon which the judgment creditor asserts that the debt is owed
Once granted, the attachment order must be served on the third-party debtor (the garnishee)
The attachment order has the effect of freezing the debt in the hands of the third party: from the date of service, the third party is prohibited from paying the attached amount to the judgment debtor and is required to hold the funds pending further order of the court
Under Article 252 of the UAE Civil Procedure Law, the third-party debtor is required to file with the court a written declaration (taqrir) within fifteen days of service of the attachment order
2 above), separate attachment orders must be obtained from the execution judge targeting each specific third-party debtor
Accordingly, the attachment applications recommended in Section 5 below represent a distinct procedural step that must be taken in addition to the existing EGCB attachment