CFI 021/2015 Theron Entertainment LLC v MAG Financial Services LLC
CFI 021/2015 Theron Entertainment LLC v MAG Financial Services LLC
June 29, 2017  court of first instance - Orders,Orders
Claim No: CFI 021/2015
THE DUBAI INTERNATIONAL FINANCIAL CENTRE
COURTS
IN THE
COURT
OF FIRST INSTANCE
BETWEEN
THERON ENTERTAINMENT LLC
Claimant
and
MAG FINANCIAL SERVICES LLC
Defendant
ORDER OF H.E. JUSTICE ALI AL MADHANI
UPON
the Judgment of H.E. Justice Ali Al Madhani dated 11 May 2017
AND UPON
reviewing the Claimant’s submissions on costs dated 5 June 2017 and the Defendant’s submissions on costs dated 13 June 2017
IT IS HEREBY ORDERED THAT:
1.The Claimant is entitled to 70% of its overall costs in relation to the Claimant’s claim and the
Counterclaim
, such costs to be assessed on the standard basis by the
Registrar
if not agreed.
2. The Claimant’s request that the
Court
release the amount of AED 300,000 paid by the Claimant into Court is granted.
3. The Defendant’s request for a stay of any decision or order on costs pending the determination of the Defendant’s application for permission to appeal or the Judgment of the Court of Appeal is granted.
Issued by:
Natasha Bakirci
Assistant Registrar
Date of issue: 21 June 2017
At: 3pm