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CFI 014/ 2015 Orient Insurance Pjsc v (1) ABN Amro Bank N.V. (2) Bank of Baroda (3) CITI Bank N.A. (4) Credit Suisse AG (5) Emirates NBD Bank Pjsc (6) Mashreq Bank Pjsc (7) Noor Islamic Bank Pjsc (8) Glints Global General Trading LLC

CFI 014/ 2015 Orient Insurance Pjsc v (1) ABN Amro Bank N.V. (2) Bank of Baroda (3) CITI Bank N.A. (4) Credit Suisse AG (5) Emirates NBD Bank Pjsc (6) Mashreq Bank Pjsc (7) Noor Islamic Bank Pjsc (8) Glints Global General Trading LLC

August 5, 2016

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Claim No: CFI-014-2015

IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

 

ORIENT INSURANCE PJSC

Claimant

and

(1) ABN AMRO BANK N.V.

(2) BANK OF BARODA

(3) CITI BANK N.A.

(4) CREDIT SUISSE AG

(5) EMIRATES NBD BANK PJSC

(6) MASHREQ BANK PJSC

(7) NOOR ISLAMIC BANK PJSC

(8) GLINTS GLOBAL GENERAL TRADING LLC

Defendants


CONSENT ORDER


UPON the Third Defendant obtaining immediate judgment on 19 May 2016

AND UPON the Third Defendant filing Application Notice CFI-014-2015/8 on 12 July 2016 seeking their costs of the claim

IT IS HEREBY ORDERED BY CONSENT THAT:

1. The Claimant shall pay the Third Defendant AED 284,425 in respect of the Third Defendant’s costs in these proceedings.

2. Application Notice CFI-014-2015/8 be discontinued with no order as to costs.

3. There be no further order as to costs in these proceedings, which are concluded upon receipt by the Third Defendant of the costs ordered above.

 

Issued by:

Natasha Bakirci

Assistant Registrar

Date of issue: 16 August 2016

At: 2pm

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