Al Tamimi & Company Acted For Techteryx Ltd In Securing The First Worldwide Freezing Order By DIFC Digital Economy Court

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 advocacy team was led by David Holloway (Partner and Head of Advocacy) as lead counsel, acting alongside Daniel McCarthy (Senior Associate and member of the Specialist Advocacy Unit). David and Daniel conducted all written and oral advocacy on the case — from the initial ex parte hearing through to the final three-day return date hearing, including contested hearings on privacy and costs.

The wider Al Tamimi & Company team was led by Rita Jaballah (Partner and Head of the International Litigation Group) and included Max Davis (Senior Counsel and Digital Assets Disputes Specialist) and Malavika Vijayan (Associate).

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