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CFI 021/2015 Theron Entertainment LLC v MAG Financial Services LLC

CFI 021/2015 Theron Entertainment LLC v MAG Financial Services LLC

June 29, 2017

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Claim No: CFI 021/2015

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS 

IN THE COURT OF FIRST INSTANCE

BETWEEN

THERON ENTERTAINMENT LLC

                                                                                       Claimant

and

MAG FINANCIAL SERVICES LLC

Defendant 


   ORDER OF H.E. JUSTICE ALI AL MADHANI


 

UPON the Judgment of H.E. Justice Ali Al Madhani dated 11 May 2017

AND UPON reviewing the Claimant’s submissions on costs dated 5 June 2017 and the Defendant’s submissions on costs dated 13 June 2017

IT IS HEREBY ORDERED THAT:

1.The Claimant is entitled to 70% of its overall costs in relation to the Claimant’s claim and the Counterclaim, such costs to be assessed on the standard basis by the Registrar if not agreed.

2. The Claimant’s request that the Court release the amount of AED 300,000 paid by the Claimant into Court is granted.

3. The Defendant’s request for a stay of any decision or order on costs pending the determination of the Defendant’s application for permission to appeal or the Judgment of the Court of Appeal is granted.

Issued by:

Natasha Bakirci

Assistant Registrar

Date of issue: 21 June 2017

At: 3pm

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