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CFI 014/2016 (1) Mr Rafed Abdel Mohsen Bsder Al Khorafi (2) Mrs Amrah Ali Abdel Latif Al Hamad (3) Mrs Alia Mohamed Sulaiman Al Rifai v (1) Bank Sarasin-Alpen (ME) Limited (2) Bank J. Safra Sarasin Limited

CFI 014/2016 (1) Mr Rafed Abdel Mohsen Bsder Al Khorafi (2) Mrs Amrah Ali Abdel Latif Al Hamad (3) Mrs Alia Mohamed Sulaiman Al Rifai v (1) Bank Sarasin-Alpen (ME) Limited (2) Bank J. Safra Sarasin Limited

July 9, 2018

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Claim No. CFI-014-2016

THE DUBAI INTERNATIONAL FINANCIAL COURTS

IN THE COURT OF FIRST INSTANCE

BEFORE JUSTICE SIR DAVID STEEL

BETWEEN

(1)   MR RAFED ABDEL MOHSEN BADER AL KHORAFI

(2)   MRS AMRAH ALI ABDEL LATIF AL HAMAD

(3)   MRS ALIA MOHAMED SULAIMAN AL RIFAI

Claimants

and

 

(1)   BANK SARASIN-ALPEN (ME) LIMITED

(2)   BANK J. SAFRA SARASIN LIMITED

Defendants


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.

 

Issued by:

Ayesha Bin Kalban

Assistant Registrar

Date of Issue: 9 July 2018

At: 1pm

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