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You are here: BAILII >> Databases >> The Dubai International Financial Centre >> Five Holding Limited (2) Five Hotel Jumeirah Village LLC v Orient UNB Tafakul PJSC [2024] DIFC CFI 027 (25 March 2024) URL: http://www.bailii.org/ae/cases/DIFC/2024/DCFI_027.html Cite as: [2024] DIFC CFI 027, [2024] DIFC CFI 27

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CFI 027/2021 (1) Five Holding Limited (2) Five Hotel Jumeirah Village LLC v Orient UNB Tafakul PJSC

March 25, 2024 COURT OF FIRST INSTANCE - ORDERS

Claim No. CFI 027/2021

IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

BETWEEN

(1) FIVE HOLDING LIMITED
(2) FIVE HOTEL JUMEIRAH VILLAGE LLC

Claimants

and

ORIENT UNB TAFAKUL PJSC

Defendant

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CONSENT ORDER

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UPON the Claim Form dated 21 February 2021 (the “Proceedings”)

AND UPON the Consent Order dated 28 March 2024 dismissing the Proceedings and making provision for the payment by the Claimants of the Defendant’s costs of the proceedings, to be assessed by the Registrar if not agreed (the “Consent Order”)

AND UPON the Claimants and the Defendant reaching a full and final agreement in relation to the costs to be paid by the Claimants to the Defendant pursuant to the Consent Order

IT IS HEREBY ORDERED BY CONSENT THAT:

1. The costs to be paid pursuant to paragraph 5 of the Consent Order, as agreed by the parties, are in the aggregate sum ofAED 252,347.32(the Costs Sum) and that the Defendant shall have no further claims against the Claimants in relation to these costs.

2. The Claimants shall pay the Costs Sum to the Defendant by4pm GST on 6 May 2024.

3. The parties shall have liberty to apply.

Issued by:
Delvin Sumo
Assistant Registrar
Date of issue: 25 March 2024
At:10am