DFSA Awarded Legal Costs in Al Ramz Tribunal Proceedings

The Financial Markets Tribunal upheld DFSA's original USD 25,000 fine against Al Ramz Capital LLC and, in a first for DFSA, awarded the DFSA approximately USD 143,000 in legal costs after finding the firm acted unreasonably in prolonging its challenge — a precedent that firms unreasonably contesting DFSA decisions before the FMT may now face cost awards against them.

What firms should do

No

Regulator: Dubai Financial Services Authority
Type: Enforcement Notice
Status: Enacted
Published: 15 Jul 2026
Topic: Enforcement
Impact: Medium

Read it on the regulator's website

Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.

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DFSA Awarded Legal Costs in Al Ramz Tribunal Proceedings

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