May 15, 2019 court of first instance - Orders
Claim No. CFI-026-2009
THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN
(1) MR RAFED ABDEL MOHSEN BADER AL KHORAFI
(2) MRS AMRAH ALI ABDEL LATIF AL HAMAD
(3) MRS ALIA MOHAMED SULAIMAN AL RIFAI
Claimants
and
(1) BANK SARASIN-ALPEN (ME) LIMITED (in liquidation)
(2) BANK J. SAFRA SARASIN LIMITED
Defendants
CONSENT ORDER
UPON the Order of Deputy Chief Justice Chadwick dated 3 November 2015 determining the Defendants' joint and several liability to the Claimants in respect of losses quantified under Head (B), Head (C) and Head (D) in these proceedings in the sum of USD 24,583,425 (the "Head B-D Losses")
AND UPON the Judgment of the DIFC Court of Appeal dated 29 January 2017 dismissing the Second Defendant's appeal on quantum in these proceedings
AND UPON the agreement of the parties
IT IS HEREBY ORDERED BY CONSENT THAT:
1.The Second Defendant shall pay to the Claimants the sum of USD 639,186.81 in full and final settlement of the Claimants' claim for interest on Head B-D Losses.
2. There shall be no order as to costs.
Issued by:
Ayesha Bin Kalban
Assistant Registrar
Date of issue: 15 May 2019
Time: 10am