DCC 284/2005/4
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
Judiciary, Companies & Corporate Bodies, Compensation, Payment & Payment Systems, Enforcement of Judgments
Copyright
LexisNexis
Decision date
26 Mar 2006
Catchwords
First respondent – Action – Company – Jointly pay – Interest rate – Proceedings – Completion of the payment
The first respondent has filed an action against the first and second company requesting them to jointly pay an amount of AED 1000,000 with an interest rate equal to 9% as of the date of the beginning of proceedings until completion of the payment.
Pursuant to the perusal of documents and the hearing of conclusions report prepared and read in the hearing session by the judge………….., and after deliberations,
Whereas the cassation has fulfilled the formal conditions thereof,