DIFC 016/2022
Panther Real Estate Development LLC v Modern Executive Systems Contracting LLC
This case involved an appeal of a decision about the delay of a construction project and compensation including liquidated damages.
Background
This was an appeal against a Judgment issued on 26 September 2022. The Appellant was Modern Executive Systems Contracting LLC (MESC). The Respondent and Cross-Appellant was Panther Real Estate Development LLC a developer of residential property in the UAE.
On 11 July 2017, Panther entered into a contract with MESC to construct and complete East 40 Building in Al Furjan, Dubai, a residential tower building consisting of 112 residential units. In terms of the Contract, Panther was the Employer and MESC was the Main Contractor. The contract price payable to MESC for completion of the works was agreed as AED 40,331,550.