Arbitral Digest

Matter

Banyan Tree Corporate Pte Ltd v Meydan Group LLC (DIFC Courts ARB-003-2013)

Case no.
ARB-003-2013
Applicable rules
Rules of the Dubai International Arbitration Centre
  1. 2 October 2013Arbitration

    2 October 2013Arbitration

    DIAC Arbitral Award dated 2 October 2013

    Dubai International Arbitration Centre (DIAC)

    Decision summary
    The tribunal found that Meydan wrongfully terminated the Hotel Management Agreement and awarded Banyan compensation and damages of approximately USD 19,377,821.16.

    Supporting details

    5 participants
    BANYAN TREE CORPORATE PTE LTD
    MEYDAN GROUP LLC
    Dubai International Arbitration Centre (DIAC)
    Arbitrator
    Roland Ziade
    Arbitrator
    Alexis Mourre

    7 months and 25 days later · 237 days

  2. 27 May 2014United Arab Emirates

    27 May 2014United Arab Emirates

    Judgment of the DIFC Courts Court of First Instance in case ARB-003-2013 dated 27 May 2014

    DIFC Courts Court of First Instance

    Case no.
    ARB-003-2013
    Decision summary
    The Court dismissed Meydan's jurisdiction challenge and held that the DIFC Courts had jurisdiction to hear Banyan's claim for recognition and enforcement of the DIAC award. It directed the parties to make submissions on recognition of the award and ordered Meydan to pay the costs of relisting the hearing, with the jurisdiction-application costs to be costs in the case.

    Supporting details

    10 authorities · 7 participants
    BANYAN TREE CORPORATE PTE LTD
    Representative
    Michael Black QC (For: BANYAN TREE CORPORATE PTE LTD)
    Representative
    Clyde & Co LLP (For: BANYAN TREE CORPORATE PTE LTD)
    MEYDAN GROUP LLC
    Representative
    Tim Taylor QC (For: MEYDAN GROUP LLC)
    Representative
    King & Wood Mallesons (MENA) LLP (For: MEYDAN GROUP LLC)
    DIFC Courts Court of First Instance

    Authorities cited

    10
    • Federal Law No. 11 of 1992 concerning Civil Procedure
      statute
    • New York Convention on Recognition and Enforcement of Foreign Arbitral Awards, 1958
      statute
    • DIFC Arbitration Law No. 1 of 2008
      statute
    • DIFC Courts Law No. 10 of 2004
      statute
    • Judicial Authority Law, Dubai Law No. 12 of 2004 as amended by Law No. 16 of 2011 (Dubai Law No. 12 of 2004 as amended by Law No. 16 of 2011)
      statute
    • Dubai Law No. 9 of 2004 as amended by Dubai Law No. 7 of 2011
      statute
    • ARB-002-2013
      case-law
    • Al Khorafi v. Bank Sarasin-Alpen Ltd (CA 001/2010 and CA 002/2010; [2011-12] DIFC C.L.R. 9)
      case-law
    • Corinth Pipeworks SA v. Barclays Bank PLC (CA 002/2011; [2011-12] DIFC C.L.R. 6)
      case-law
    • Allianz Risk Transfer AG v. Al Ain Ahlia Insurance Company (CFI 012/2012)
      case-law

    10 months and 6 days later · 310 days

  3. 2 April 2015United Arab Emirates

    2 April 2015United Arab Emirates

    Judgment of the DIFC Courts Court of First Instance in case ARB-003-2013 dated 2 April 2015

    DIFC Courts Court of First Instance

    Case no.
    ARB-003-2013
    Decision summary
    The Court rejected the grounds advanced against recognition, declined to adjourn the matter, and ordered that the DIAC award be recognised as binding within the DIFC under Article 42(1) of the DIFC Arbitration Law. Meydan was ordered to pay Banyan's costs, subject to detailed assessment if not agreed.

    Supporting details

    6 authorities · 6 participants
    BANYAN TREE CORPORATE PTE LTD
    Representative
    Alec Emmerson (For: BANYAN TREE CORPORATE PTE LTD)
    Representative
    Rhys Monahan (For: BANYAN TREE CORPORATE PTE LTD)
    Representative
    Clyde & Co LLP (For: BANYAN TREE CORPORATE PTE LTD)
    MEYDAN GROUP LLC
    DIFC Courts Court of First Instance

    Authorities cited

    6
    • DIFC Arbitration Law No. 1 of 2008
      statute
    • DIFC Courts Law No. 10 of 2004
      statute
    • Judicial Authority Law
      statute
    • IPCO v NNPC ([2005] EWHC 726 (Comm))
      case-law
    • 2012 Digest of Case Law on the UNCITRAL Model Law
      academic
    • Rules of the DIFC Courts
      statute

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Banyan Tree Corporate Pte Ltd v Meydan Group LLC (DIFC Courts ARB-003-2013) · Matter