CFI 003/2008 - Interim Order
CFI 003/2008 - Interim Order
August 26, 2009  court of first instance - Orders,Orders
Claim No: CFI 003/2008
THE JUDICIAL AUTHORITY OF THE DUBAI INTERNATIONAL FINANCIAL CENTRE
IN THE
COURT
OF FIRST INSTANCE
Before the Honourable Michael Hwang, Deputy
Chief Justice
, on 21st October 2008
Between
DR. URS RECHSTEINER
Claimant
and
DIWAN CAPITAL LIMITED
Defendant
INTERIM ORDER OF JUSTICE SIR JOHN CHADWICK
UPON
the application of the Defendant dated 20 July 2009
AND UPON
hearing Counsel for the Defendant and Counsel for the Claimant
IT IS ORDERED THAT:
1. The Claimant give security for the Defendant's further costs of these proceedings down to (and including) the first Case Management Conference in the sum of US$50,000; such security to be provided by
4pm on 2 September 2009
by payment of the said sum into
Court
or in such other form (if any) as may be agreed by the Defendant.
2. Should the Claimant not provide the security as ordered:
(A) the claim be struck out without further order; and
(B) the Claimant be ordered to pay the Defendant's costs incurred in relation to the claim, to be assessed.
3. The Defendant shall be at liberty to apply for security for further costs at or from time to time after the first Case Management Conference.
4. The Claimant shall pay the Defendant's costs of this application, to be assessed.
Mark Beer
Registrar
Date of Issue: 26 August 2009
At: 11.30am