CFI 018/2016 STANDARD CHARTERED BANK vs FAL OIL COMPANY LIMITED & ANOTHER

Case Number CFI-018-2016

IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN COURT OF FIRST INSTANCE

BETWEEN

STANDARD CHARTERED BANK

Applicant

and

FAL OIL COMPANY LIMITED & ANOTHER

Respondent

ORDER OF JUSTICE JUDITH PRAKASH

UPON reviewing the Order with reasons of H.E. Justice Omar Al Muhairi dated 11 June 2018

AND UPON reviewing the Applicant’s submissions on costs

AND UPON reviewing all other relevant documents on the case file

IT IS HEREBY ORDERED THAT:

1. The costs payable by the Respondent to the Applicant are assessed in the sum of USD 100,000 plus VAT.
2. The Defendant is liable to settle the total Outstanding Liability of USD 100,000, accruing at a rate of 9% (as provided under Practice Direction No. 4 of 2017), from the date of this Order.

Issued by:

Nour Hineidi

Deputy Registrar

Date of Issue: 11 July 2019

At: 2pm