Cancrie Investments Limited Sarl v Zulfiqur Al Tanveer Haider

Cancrie Investments Limited Sarl v Zulfiqur Al Tanveer Haider

Disclosure orders against EFG Bank are necessary and proportionate to police the freezing orders against the Defendant, given real risk of dissipation, inadequate asset disclosure, and failure to disclose sources of legal fees and living expenses; EFG Bank is sufficiently involved to justify disclosure; costs of...

Source-derived case information.

Parties
Claimant: Cancrie Investments Limited Sarl; Defendant: Mr Zulfiqur Al Tanveer Haider; Respondent: EFG Private Bank Limited
Jurisdiction
England and Wales
Judgment Date
28 February 2025
Procedural Posture
Commercial Court Application / Judgment on Third Party Disclosure Application
Outcome
Disclosure order granted against EFG Private Bank Limited; seal and gag order continued.
Legal Topics
Third Party Disclosure, Norwich Pharmacal Orders, Freezing Orders, Asset Dissipation, Confidentiality, Costs
Civil Procedure Banking Law International Enforcement Third Party Disclosure Norwich Pharmacal Orders Freezing Orders Asset Dissipation Confidentiality +1 more

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 4 Authorities cited 18 Party arguments 2 Amounts and remedies 4
Sign in to unlock

Parties

Cancrie Investments Limited Sarl

Claimant

Mr Zulfiqur Al Tanveer Haider

Defendant

EFG Private Bank Limited

Respondent

Procedural Posture

Commercial Court Application / Judgment on Third Party Disclosure Application

Legal Issues

  1. 1 Whether third party disclosure should be ordered against EFG Private Bank Limited to police freezing orders against the Defendant
  2. 2 Whether the requirements for Norwich Pharmacal relief are satisfied
  3. 3 Whether the disclosure sought is necessary and proportionate

Ratio Decidendi

Disclosure orders against EFG Bank are necessary and proportionate to police the freezing orders against the Defendant, given real risk of dissipation, inadequate asset disclosure, and failure to disclose sources of legal fees and living expenses; EFG Bank is sufficiently involved to justify disclosure; costs of compliance to be borne by Claimant.

Court Disposition

Disclosure order granted against EFG Private Bank Limited; seal and gag order continued.

Orders

  • EFG Bank to provide disclosure of specified accounts, investment portfolios, deposits, and any other accounts or financing arrangements held by Defendant or Mrs Hussain within 21 days.
  • Claimant to pay EFG Bank's reasonable costs of compliance and application.