July 05, 2023 court of first instance - Orders
Claim No. CFI 038/2023
IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN
ALAWWAL CAPITAL JSC
Claimant
and
RASMALA INVESTMENT BANK LIMITED
Defendant
CONSENT ORDER
UPON the parties agreeing to mediation
AND UPON the parties having agreed the terms of this Consent Order
IT IS HEREBY ORDERED BY CONSENT THAT:
1. These proceedings are hereby immediately stayed to allow time for the parties to enter into a mediation process in respect of the dispute.
2. The stay shall be lifted at such time as either:
(a) the mediation process has completed and the Claimant confirms to the Court in writing, copied to the Defendant, that the dispute has not been resolved;
OR
(b) the Claimant withdraws its claim pursuant to a settlement of the dispute arising out of the mediation.
3. The time for filing and serving the Defendant’s Defence shall be five (5) weeks from the date of the lifting of the stay on these proceedings pursuant to paragraph 2.a above.
4. The costs of this Order shall be costs in the case.
Issued by:
Hayley Norton
Assistant Registrar
Date of issue: 5 July 2023
At: 12pm