Claim No. CFI-014-2016
THE DUBAI INTERNATIONAL FINANCIAL COURTS
IN THE COURT OF FIRST INSTANCE
BEFORE JUSTICE SIR DAVID STEEL
(1) MR RAFED ABDEL MOHSEN BADER AL KHORAFI
(2) MRS AMRAH ALI ABDEL LATIF AL HAMAD
(3) MRS ALIA MOHAMED SULAIMAN AL RIFAI
(1) BANK SARASIN-ALPEN (ME) LIMITED
(2) BANK J. SAFRA SARASIN LIMITED
ORDER OF JUSTICE SIR DAVID STEEL
UPON the Second Defendant’s application for strike-out and/or summary judgment by Application Notice dated 1 June 2017 (the “Application”) having been disposed of by the Court’s Order dated 18 April 2018
AND UPON the Claimants having applied for their costs of the Application, and the Second Defendant having applied for permission to appeal and for a stay pending appeal by Application Notice dated 9 May 2018
AND UPON hearing Counsel for the Claimants and Counsel for the Second Defendant
AND UPON the Court noting that, as regards the Second Defendant’s Applications, it would issue a reserved judgment and that directions would be set down following further submissions as to these by the parties
IT IS ORDERED THAT the Second Defendant shall pay the Claimants’ costs of the Application in the sum of USD 260,000 by no later than 4pm on Monday, 9 July 2018.
Ayesha Bin Kalban
Date of Issue: 9 July 2018
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