December 23, 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 agreement of the parties
IT IS HEREBY ORDERED BY CONSENT THAT:
1.The Second Defendant shall make an interim payment to the Claimants in the amount of USD 1,000,423.12 towards the Claimants' claim for costs and interest on those costs in the above-referenced proceedings (the "Interim Payment") as follows:
(a) In accordance with paragraph 2 of the Consent Order issued on 7 April 2019 in the CFI-062-2018 proceedings, the Second Defendant shall pay into Court two thirds of the Interim Payment in the amount of USD 666,948.75.
(b) One third of the amount of the Interim Payment (USD 333,474.37) shall be paid to Hamdan Al Shamsi on behalf of Mrs Amrah Ali Abdel Latif Al Hamad (the Second Claimant).
2. There shall be no order as to costs.
Issued by:
Nour Hineidi
Date of issue: 23 December 2019
At: 9am
