CFI 016/2020 DIFC Investments Ltd v Dubai Islamic Bank
CFI 016/2020 DIFC Investments Ltd v Dubai Islamic Bank
May 17, 2020  court of first instance - Orders
Claim No. CFI 016/2020
THE DUBAI INTERNATIONAL FINANCIAL CENTRE
COURTS
IN THE
COURT
OF FIRST INSTANCE
BETWEEN
DIFC
INVESTMENTS LTD
Claimant
/Applicant
and
DUBAI ISLAMIC BANK
Defendant
/Respondent
ORDER OF THE
DEPUTY REGISTRAR
NOUR HINEIDI
UPON
the Applicant’s filing of a Notice of Commencement of Assessment on 5 May 2020 claiming an amount of AED 435,365 in its bill of costs (“
Bill of Costs
”)
AND UPON
the Applicant’s request pursuant to its email of 5 May 2020 and further explanatory email of 7 May 2020 that 50% of its costs be payable on account before costs are assessed (the “
Request
”)
AND UPON
considering Practice Direction No. 5 of 2014
DIFC Courts
’ Costs Regime
AND UPON
the Order of H.E. Justice Shamlan Al Sawalehi issued on 14 May 2020 rejecting the application for a stay, filed by the Defendant on 7 May 2020
AND UPON
taking into account all other relevant documents on the court file
IT IS HEREBY ORDERED THAT:
1. The Request is granted.
2. The Respondent is ordered to pay a total AED 217,682.5, into
Court
, within 14 days of the issuance of this Order and by Sunday, 31 May 2020. This amount represents 50% of the total amount claimed by the Applicant in its Bill of Costs.
Issued by:
Nour Hineidi
Deputy Registrar
Date of Issue: 17 May 2020
At: 10am