In dispute at the Supreme Court was the validity of the transfer of various high value properties in London from companies owned by El-Husseini to his sons. 

The appeal revolved around a ‘single and important point’ related to the ‘construction’ of section 423 of Insolvency Act 1986, involving £20m of transactions in London properties.

In 2021 Invest Bank PSC, headquartered in Sharjah, had obtained a judgment in Abu Dhabi against the appellants’ father, Ahmad El-Husseini, for approximately £20m (AED96m), which the bank described as a ‘worldwide asset dissipation scheme to defeat his creditors’.

The judgment debt arose under guarantees given by El-Husseini for credit facilities granted by Invest Bank to two companies connected with him, and litigation started in London in July 2021 to enforce the judgments.