DIFC Courts

CFI 014/2015 Orient Insurance Pjsc v (1) ABN Amro Bank N.V. (2) Bank of Baroda (3) CITI Bank N.A. (4) Credit Suisse AG (5) Emirates NBD Bank Pjsc (6) Mashreq Bank Pjsc (7) Noor Islamic Bank Pjsc (8) Glints Global General Trading llc

February 19, 2017 court of first instance - Orders,Orders

Claim No: CFI-014-2015

IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

 

ORIENT INSURANCE PJSC

Claimant

and

(1) ABN AMRO BANK N.V.

(2) BANK OF BARODA

(3) CITI BANK N.A.

(4) CREDIT SUISSE AG

(5) EMIRATES NBD BANK PJSC

(6) MASHREQ BANK PJSC

(7) NOOR ISLAMIC BANK PJSC

(8) GLINTS GLOBAL GENERAL TRADING LLC

Defendants

CONSENT ORDER

UPON the Claimant and the Fourth Defendant having fully and finally settled the claim by the Claimant against the Fourth Defendant in Case Number CFI-014-2015 and in the International Chamber of Commerce ("ICC") arbitration proceedings registered under ICC reference 21435/ZF

IT IS HEREBY ORDERED THAT:

  1. The Consent Order between the Claimant and the Fourth Defendant dated 27 January 2016 be set aside;

  2. That the Case be discontinued pursuant to the Notice of Discontinuance filed by the Claimant on the date of this Consent Order.

  3. There be no order as to costs.

 

Issued by:

Natasha Bakirci

Assistant Registrar

Date of issue 19 February 2017

At: 4pm