HRH Princess Deema Bint Sultan Bin Abdulaziz Al Saud v Ronald William Gibbs

HRH Princess Deema Bint Sultan Bin Abdulaziz Al Saud v Ronald William Gibbs

The defendant has breached the WFO by disposing of assets and failing to disclose sources of funds. Further disclosure of all bank accounts and statements is necessary and proportionate to police the WFO and prevent further dissipation. The WFO should be amended to reflect the true value of the defendant's assets, reduce the living expenses allowance, and specify stricter disclosure requirements.

Parties
Claimant: HRH Princess Deema bint Sultan bin Abdulaziz Al Saud; Defendant: Ronald William Gibbs; Non Cause of Action Respondent: Sunnydale Service Limited
Jurisdiction
England and Wales
Judgment Date
11 October 2024
Procedural Posture
Commercial / Interlocutory Applications During Trial
Outcome
applications granted
Legal Topics
Worldwide Freezing Order, Asset Disclosure, Amendment of Freezing Order, Breach of Court Orders
Civil Procedure Asset Freezing Enforcement of Judgments Worldwide Freezing Order Asset Disclosure Amendment of Freezing Order Breach of Court Orders

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Parties

HRH Princess Deema bint Sultan bin Abdulaziz Al Saud

Claimant

Ronald William Gibbs

Defendant

Sunnydale Service Limited

Non Cause of Action Respondent

Procedural Posture

Commercial / Interlocutory Applications During Trial

Legal Issues

  1. 1 Whether further disclosure of bank accounts and statements is necessary to police the worldwide freezing order (WFO)
  2. 2 Whether the WFO should be amended and continued pending judgment
  3. 3 Whether the defendant has breached the WFO by disposing of assets and failing to disclose sources of funds

Ratio Decidendi

The defendant has breached the WFO by disposing of assets and failing to disclose sources of funds. Further disclosure of all bank accounts and statements is necessary and proportionate to police the WFO and prevent further dissipation. The WFO should be amended to reflect the true value of the defendant's assets, reduce the living expenses allowance, and specify stricter disclosure requirements.

Court Disposition

applications granted

Orders

  • Defendant to identify all bank accounts in his name or under his control, including SAM group companies and the account to which proceeds of sale of the Montenegro apartment were paid.
  • Defendant to provide copies of all relevant bank statements from 1 January 2021 to the date of the order.