DIFC Courts

CFI 008/2007 - Minute of Order

December 01, 2008 court of first instance - Orders,Orders

Case No. CFI 008/2007

THE JUDICIAL AUTHORITY OF THE DUBAI INTERNATIONAL FINANCIAL CENTRE

IN THE COURT OF FIRST INSTANCE

Before The Honourable Justice Colman on 25th November 2008

Between

ITHMAR CAPITALClaimant
and8 INVESTMENT INCFirst Defendant
and8 INVESTMENT GROUP FZESecond Defendant

 

MINUTE OF ORDER

UPON hearing Counsel for the Claimant and Counsel for the First Defendant

AND UPON the Court reading the documents recorded on the Court file as having been read

IT IS ORDERED THAT:-

1. There be judgment for the Claimant in the sum of AED 1,974,800 and interest of AED 115,142. The First Defendant shall pay the Claimant the sum of AED 2,089,942 by 4pm on 10th December 2008.

 

2. The First Defendant shall pay 50% of the Claimant's costs of the claim to be assessed on an indemnity basis if not agreed.

 

3. The First Defendant shall pay the Claimant 75 % of their costs of the application to, and the hearing before, the Court of Appeal, Case No. CA 1/2008, such costs to be assessed on the standard basis if not agreed.

 

4. The Counterclaim of the First Defendant be dismissed.

 

Mark Beer

Registrar

Date of Issue: 1 December 2008

At 5.35 pm