Claim No. CFI 031/2012
THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
In the name of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Ruler of Dubai
IN THE COURT OF FIRST INSTANCE
BETWEEN
| HUAWEI TECHNOLOGIES CO. (NIGERIA) LTD | Claimant |
| and EXPRESSO TELECOM GROUP LIMITED | Defendant |
JUDGMENT OF H.E JUSTICE ALI AL MADHANI
| Counsel: | Simon Roderick of Allen & Overy on behalf of the Claimants Rebecca Kelly of Clyde & Co on behalf of the Defendants. |
| Judgment: | 20 December 2012 |
UPON reviewing the Defendant's request for time to pay, dated 13 November 2012;
AND UPON reviewing the Claimant's reply to the Defendant's request for time to pay, dated 22 November 2012;
AND UPONthe Claimant's request for immediate judgment, dated 29 November 2012;
AND UPON IT BEING FOUND THAT:
1. The Defendant admitted to the claim.
2. The Defendant had not served nor filed their P15/01 admission in the time required under RDC 15.8(4).
3. The Claimant rejected the Defendant's request for time to pay.
IT IS HEREBY ORDERED THAT:
1. The Claimant's request for immediate Judgment be granted.
2. The Defendant's request for time to pay be rejected.
3. The Defendant pay to the Claimant the full amount of US$ 4,038,484.
4. The Defendant pay the Claimant's costs of and occasioned by these proceedings.
5. The Defendant pay the Claimant interest accrued at the rate of 1.5% per annum:
a) on the amount US$ 807,696.80, from 1 October 2011;
b) on the amount US$ 1,211,545.20 from 1 November 2011; and
c) on the amount US$ 2,019,242, from 1 January 2012;
until the date of payment.
6. Payment to be made within 14 days.
Issued by
Mark Beer
Date of Issue: 20 December 2012
At: 2 pm