DIFC Courts

CFI 028/2011 - Default Judgment made by Judicial Officer Maha AlMehairi

May 13, 2013 court of first instance - Orders,Orders

Claim No. CFI 028/2011

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE DIFC COURTS OF FIRST INSTANCE

BETWEEN

CLIFFORD CHANCE LLPClaimants

and

GULF HOLDING COMPANY

Defendant

DEFAULT JUDGMENT MADE BY JUDICIAL OFFICER MAHA ALMEHAIRI

UPON the request made by the Claimant on 12 May 2013 for a Default Judgment in accordance with DIFC

The Dubai International Financial Centre.
" href="/glossary/difc/">DIFC-Complinet/difccourts.complinet.com/global-rulebooks/display/display8d41.html?rbid=2725&element_id=5384" target="_blank">rule 13.1 (2) of the Rules of the DIFC Courts ("RDC"), it is found as follows:

1. The request is not one prohibited by RDC 13.3.
2. The Defendant has failed to file an Acknowledgment of Service or a Defence to the claim (or any part of the claim) with the DIFC Courts and the relevant time for so doing has expired (RDC 13.4).
3. The Claimant has followed the required procedure for obtaining Default Judgment [RDC 13.7 and 13.8].
4. The request includes a request for interest pursuant to RDC 13.14 and the Claim Form sets out the calculation of interest in the claim.

ACCORDINGLY IT IS HEREBY ORDERED THAT:

5. The request is granted.
6. The Defendant shall pay to the Claimant the amount of US$ 773,921.22 within 14 days.
7. The Defendant shall pay interest to the Claimant at a rate of 4.45625% (EIBOR + 3%) per annum from 19 April 2011 until 12 May 2013; being a total of US$ 71,150.97.

Issued by:

Maha AlMehairi

Judicial Officer

Date of issue: 13 May 2013

Time: 3pm