DIFC Courts

CFI 027/2013 BGC Brokers L.P v Mourad Abourahim

February 16, 2016 court of first instance - Orders,Orders

Claim No. CFI 027/2013

         THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

BETWEEN

BGC BROKERS L.P

Claimant/Receiving Party

and

MOURAD ABOURAHIM

   Defendant/Paying Party

ORDER MADE BY JUDICIAL OFFICER MAHA AL MEHAIRI

UPON the Order made by Justice Sir Richard Field on 11 October 2015;

AND UPON the Claimant's Notice of Commencement of Assessment of Bill of Costs dated 10 January 2016;

AND UPON the Claimant/Receiving Party’s request for a Default Costs Certificate dated 4 February 2016

AND UPON the Claimant/Receiving Party having indicated to the Court that the Defendant/Paying Party has failed to serve points of dispute within the 21 day period required by Rule 40.15 of the Rules of the DIFC Courts (“RDC”)

AND UPON the Claimant/Receiving Party having met the requirements in RDC 40.17

IT IS HEREBY ORDERED THAT:

  1. The Default Costs Certificate is granted.

  2. The Defendant/Paying Party shall pay to the Claimant/Receiving Party the full amount of US $235,267.20 (Costs Award) by no later than 4pm on Tuesday 1 March 2016.

  3. The Defendant shall pay the Claimant interest on the Costs Award pursuant to Article 17 of the DIFC Law of Damages and Remedies 2005 at the rate of 1% above EIBOR per annum from 16 February 2016, being the date of the Order until payment.

     

Issued by:

Maha AlMehairi

Judicial Officer

Date of issue: 16 February 2016

Time: 9am