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CFI 026/2014 Standard Chartered Bank v Investment Group Private Limited

CFI 026/2014 Standard Chartered Bank v Investment Group Private Limited

July 30, 2015

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Claim No: CFI-026-2014

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

 

IN THE COURT OF FIRST INSTANCE

BETWEEN

STANDARD CHARTERED BANK

Claimant

and

 

INVESTMENT GROUP PRIVATE LIMITED

Defendant


 CONSENT ORDER


UPON the parties having agreed in inter parties correspondence the basis and terms of this Order;

IT IS HEREBY ORDERED BY CONSENT THAT:

  1. The time for the Defendant to file a further Acknowledgment of Service pursuant to Rule 12.8(2) of the Rules of the DIFC Courts shall be extended until after the Court of Appeal’s decision in the matter CA-004-2015.
  2. Neither the parties’ agreement nor this Order shall constitute to be considered as consent to or acceptance by the Defendant of the DIFC Courts’ jurisdiction in these proceedings.
  3. Upon this Consent Order being made, the Defendant shall withdraw Application Notice CFI-026-2014/2 dated 6 July 2015 seeking an Order that the proceedings be stayed pending the final outcome of the matter CA-004-2015.

 

 

 

Issued by:

Amna Al Owais

Deputy Registrar

Date of issue: 30 July 2015

At: 12pm

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