ARB 024/2025 Olympio v Olwin
ARB 024/2025 Olympio v Olwin
August 15, 2025  Arbitration - Orders
Claim No: ARB 024/2025
IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN
OLYMPIO
Claimant
and
OLWIN
Defendant
ORDER WITH REASONS OF H.E. JUSTICE SHAMLAN AL SAWALEHI
UPON
the Order of H.E. Justice Shamlan Al Sawalehi dated 7 August 2025 granting the Claimant’s Application No. ARB-024-2025/4 (the “Application”) and directing the Defendant to pay the Claimant’s costs of the Worldwide Freezing Order (“WFO”) (the “Order”)
AND UPON
the Claimant filing its Statement of Costs on 12 August 2025 in the total sum of USD 19,403.95 (the “Claimed Amount”)
AND UPON
reviewing the Statement of Costs and all other relevant documents
AND UPON
considering Part 38 of the Rules of the DIFC Courts (“RDC”) and Practice Direction No. 4 of 2017 (Interest on Judgments)
IT IS HEREBY ORDERED THAT:
1. The Defendant shall pay the Claimant the amount of USD 15,523.16 (the “Costs Award”), representing 80% of the Claimed Amount in the Statement of Costs.
2. The Costs Award shall be paid within 14 days from the date of this Order, pursuant to RDC 38.40.
3. In the event the Defendant fails to pay the Costs Award within 14 days of this Order, interest shall accrue at the rate of 9% per annum from the date of this Order until full payment is made, in accordance with Practice Direction No. 4 of 2017.
Issued by:
Delvin Sumo
Assistant Registrar
Date of issue: 15 August 2025
At: 8am