DIFC Courts

CFI 028/2013 Global Tradewaves Limited (In Liquidation) v Standard Chartered Bank

May 28, 2014 court of first instance - Orders,Orders

Claim No. CFI 028/2013

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

Between

GLOBAL TRADEWAVES LIMITED (IN LIQUIDATION)

Claimant

and

STANDARD CHARTERED BANK

Defendant

CONSENT ORDER

 

UPON reviewing the Court file

AND UPON reviewing the draft Consent Order submitted by the Parties' legal representatives dated 27 May 2014

IT IS HEREBY ORDERED BY CONSENT THAT:

1. All further proceedings in this Claim be stayed indefinitely, such stay terminable upon 14 days' written notice by one party to the other party, or by order of the Court.
2. The Defendant's agreement to this stay is without prejudice to its right to challenge the Court's jurisdiction, which may be invoked following any eventual termination of the stay.
3. There be no order as to costs.

 

Issued by:
Natasha Bakirci
Assistant Registrar
Date: 28 May 2014
At: 2pm