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CFI 036/2016 (1) Barclays Bank PLC (2) Credit Suisse Loan Funding L.L.C. (3) Midtown Acquistions L.P. (4) Special Situations Investing Group Inc. v Essar Global Fund Limited

CFI 036/2016 (1) Barclays Bank PLC (2) Credit Suisse Loan Funding L.L.C. (3) Midtown Acquistions L.P. (4) Special Situations Investing Group Inc. v Essar Global Fund Limited

June 8, 2017

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Claim No. CFI 036/2016

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

BETWEEN

(1) BARCLAYS BANK PLC

(2) CREDIT SUISSE LOAN FUNDING LLC

(3) MIDTOWN ACQUISITIONS LP

(4) SPECIAL SITUATIONS INVESTING GROUP INC

     Claimants

and

 

ESSAR GLOBAL FUND LIMITED

                                                                Defendant


ORDER OF JUDICIAL OFFICER MAHA AL MEHAIRI


UPON reviewing the Third Claimant’s Application Notice CFI-036-2016/5 dated 7 June 2017 seeking interim costs on account

AND UPON reviewing the Judgment of Justice Sir Richard Field with Amended Order dated 13 and 20 April 2017, respectively

AND UPON the Claimants having filed a Schedule of Costs and a Notice of Commencement of Assessment of Bill of Costs on 18 May 2017

AND UPON the Claimants having indicated to the Court that the Defendant has failed to serve points of dispute within the 21 day period required by Rule 40.15 of the Rules of the DIFC Courts

AND UPON reviewing the Third Claimant’s costs schedule

IT IS HEREBY ORDERED THAT the Defendant shall, by 4pm on 22 June 2017, pay USD 160,869.62 on account of the costs ordered at paragraph 3 of the Amended Order of Justice Sir Richard Field dated 20 April 2017, being 50% of the Third Claimant’s costs.

Issued by:

Natasha Bakirci

Assistant Registrar

Date of Issue: 8 June 2017

At: 4pm

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