DIFC 021/2015 on 29/06/2017
Theron Entertainment LLC v MAG Financial Services LLC-on 29/06/2017
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 Civil Procedure & Administration of Justice, Civil Costs, Appeals
Copyright
LexisNexis
Decision date
29 Jun 2017
Hearing/Judgment date
21 June 2017
Panel
HE Justice Ali Almadhani
Catchwords
Costs – Counterclaim – Release of Security – Request for a Stay of Any Decision or Order on Costs – Permission to Appeal
Summary
The court ordered that the claimant was entitled to 70% of its overall costs in relation to the claimant's claim and the counterclaim, such costs to be assessed on the standard basis by the Registrar if not agreed. The claimant's request that the court release the amount of AED 300,000 paid by the claimant into the court was granted. The defendant's request for a stay of any decision or order on costs pending the determination of the defendant's application for permission to appeal or the judgment of the appeal court was granted.
Issued by Natasha Bakirci, Assistant Registrar.