DIFC CFI 030/2014 on 29/09/2015
Firstrand Property Holding (Middle East) Limited v Damac Park Towers Company Limited-on 29/09/2015
Type
Case
Court
Dubai International Financial Centre - JUDICIAL AUTHORITY OF THE DUBAI INTERNATIONAL FINANCIAL CENTRE, COURT OF FIRST INSTANCE
Jurisdiction
Dubai International Financial Centre
Taxonomy
General Contract Law, General Real Property Law, General Civil Procedure & Administration of Justice
Copyright
LexisNexis
Decision date
29 Sep 2015
Hearing/Judgment date
29 September 2015
Panel
Assistant Registrar Natasha Bakirci
Catchwords
Sale & Purchase Agreement – Delay in Completion Date – Termination of Contract – Damages – Consent Order
Summary
Upon the claimant and defendant having agreed to settlement terms recorded in a separate schedule, it was ordered that all further proceedings in the claim be stayed, except for the purpose of carrying such terms into effect. The terms of the schedule were confidential. Liberty to apply to carry such terms into effect. No order as to costs.
Issued by Natasha Bakirci, Assistant Registrar.