DCC 375/2011
Background
A Plaintiff - a public contracting company - filed the lawsuit No 492/2006 against the company for public trading LLC, (the Appellant) for USD 736,992 or its equivalent in AED and 12% legal interest. The Defendant issued a purchase order for the Plaintiff to buy equipment for electricity distribution for USD 1.992637. Both parties agreed that 60% of the total value would be paid in the five days following the date of delivery and installation and the rest would be paid after the completion of the project. The deal was later changed to 70% instead of 60%. The Plaintiff honoured their obligations and the Defendant paid USD 1.255645 but USD 736992 remained unpaid and the Defendant refused to pay it.
Proceedings:
Court of First instance