June 29, 2017 court of first instance - Orders,Orders
Claim No: CFI 021/2015
THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN
THERON ENTERTAINMENT LLC
and
MAG FINANCIAL SERVICES LLC
ORDER OF H.E. JUSTICE ALI AL MADHANI
UPON the Judgment of H.E. Justice Ali Al Madhani dated 11 May 2017
AND UPON reviewing the Claimant’s submissions on costs dated 5 June 2017 and the Defendant’s submissions on costs dated 13 June 2017
IT IS HEREBY ORDERED THAT:
1.The Claimant is entitled to 70% of its overall costs in relation to the Claimant’s claim and the Counterclaim, such costs to be assessed on the standard basis by the Registrar if not agreed.
2. The Claimant’s request that the Court release the amount of AED 300,000 paid by the Claimant into Court is granted.
3. The Defendant’s request for a stay of any decision or order on costs pending the determination of the Defendant’s application for permission to appeal or the Judgment of the Court of Appeal is granted.
Issued by:
Natasha Bakirci
Assistant Registrar
Date of issue: 21 June 2017
At: 3pm
