December 09, 2015 court of first instance - Orders,Orders
Claim No. CFI 027/2014
THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN COURT OF FIRST INSTANCE
BETWEEN
GRACIELA LIMITED
and
GIACOBBE
AMENDED ORDER OF JUSTICE SIR RICHARD FIELD ON COSTS AND INTEREST
UPON the Judgment of Sir Richard Field dated 11 November 2015 awarding the Claimant damages in the sum of USD 690,533 and ordering the Claimant and the Defendant to file submissions on costs and interest;
AND UPON the Claimant filing their submissions on 18 November 2015;
AND UPON the Defendant filing their submissions on 25 November 2015;
IT IS HEREBY ORDERED THAT:
1. The Defendant shall pay to the Claimant within 21 days of the date of the original order (29 November 2015) damages in the sum of USD 690,533.
2. The Defendant shall pay to the Claimant its costs of the action herein to be assessed on the indemnity basis if not otherwise agreed.
3. The Defendant shall pay to the Claimant within 21 days of the date of the original order (29 November 2015) the sum of USD 300,000 on account of the costs awarded to the Claimant in paragraph 2 hereof.
4. The Defendant shall pay interest on the said damages awarded in paragraph 1 hereof at the rate of 1.82171% per annum which to the date of the original order (29 November 2015) amounts to USD 11,373.54 and continues to accrue at the daily date of USD 34.46
Issued by:
Natasha Bakirci
Assistant Registrar
Date of Issue: 9 December 2015
At: 4pm
