March 25, 2024 COURT OF FIRST INSTANCE - ORDERS
Claim No. CFI 027/2021
IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN
(1) FIVE HOLDING LIMITED
(2) FIVE HOTEL JUMEIRAH VILLAGE LLC
Claimants
and
ORIENT UNB TAFAKUL PJSC
Defendant
CONSENT ORDER
UPON the Claim Form dated 21 February 2021 (the “Proceedings”)
AND UPON the Consent Order dated 28 March 2024 dismissing the Proceedings and making provision for the payment by the Claimants of the Defendant’s costs of the proceedings, to be assessed by the Registrar if not agreed (the “Consent Order”)
AND UPON the Claimants and the Defendant reaching a full and final agreement in relation to the costs to be paid by the Claimants to the Defendant pursuant to the Consent Order
IT IS HEREBY ORDERED BY CONSENT THAT:
1. The costs to be paid pursuant to paragraph 5 of the Consent Order, as agreed by the parties, are in the aggregate sum of AED 252,347.32 (the Costs Sum) and that the Defendant shall have no further claims against the Claimants in relation to these costs.
2. The Claimants shall pay the Costs Sum to the Defendant by 4pm GST on 6 May 2024.
3. The parties shall have liberty to apply.
Issued by:
Delvin Sumo
Assistant Registrar
Date of issue: 25 March 2024
At:10am
