April 05, 2023 COURT OF FIRST INSTANCE - ORDERS
Claim No. CFI 061/2022
THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN
BURGER & LOBSTER (DUBAI) LLC (IN LIQUIDATION)
Claimant
and
SOL INTERNATIONAL PROPERTIES LIMITED
Defendant
CONSENT ORDER
UPON the Claimant and Defendant agreeing a settlement of the dispute pursuant to a settlement agreement executed on 30 March 2023
AND UPON the Defendant agreeing to pay the Claimant the following amounts which shall in aggregate be referred to as the Settlement Amounts:
(a) AED 710,000, representing the value of the Assets on the Premises;
(b) USD 29,864.05, representing the legal fees of Curtis, Mallet-Prevost, Colt and Mosle LLP awarded by the DIFC Courts pursuant to the Order of Registrar Ayesha Bin Kalban dated 30 November 2022 and the Claimant’s Statement of Costs submitted to the DIFC Courts on 5 December 2022;
(c) USD 25,000, representing Curtis, Mallet-Prevost, Colt and Mosle LLP legal fees to date for the Part 8 proceedings; and
(d) USD 25,000, representing the Liquidator’s fees as incurred
AND UPON the Defendant paying the Settlement Amounts to the Claimant
AND UPON the Claimant having filed and served a P34/01 Notice of Discontinuance on 3 April 2023
IT IS HEREBY ORDERED THAT:
1. Case No. CFI-061-2022 is discontinued with prejudice.
2. There shall be no order as to costs.
Issued by:
Hayley Norton
Assistant Registrar
Date of issue: 5 April 2023
At: 2pm