Arbitral Digest

Matter

Fabiola and Fairuza v Faddey LLC and Fai Properties PJSC (DIFC Court of First Instance ARB 001/2015)

Case no.
DIAC Claim No. 34/2013
Applicable rules
Arbitration Rules of the Dubai International Financial Centre
  1. 26 February 2015Arbitration

    26 February 2015Arbitration

    Arbitration Award dated 26 February 2015

    Decision summary
    The award was made against Faddey LLC and Fai Properties PJSC for sums totaling approximately AED 36,496,744 as set out in paragraph 469 of chapter 9 of the award; the basis of their liability was not specified in the award.

    Supporting details

    4 participants
    Fabiola
    Fairuza
    Faddey LLC (also known as Faddey Part 1 LLC)
    Fai Properties PJSC

    1 month and 16 days later · 44 days

  2. 11 April 2015Arbitration

    11 April 2015Arbitration

    Supplemental Award dated 11 April 2015

    Decision summary
    The supplemental award amended the Arbitration Award dated 26 February 2015.

    Supporting details

    4 participants
    Fabiola
    Fairuza
    Faddey LLC (also known as Faddey Part 1 LLC)
    Fai Properties PJSC

    4 months and 27 days later · 149 days

  3. 7 September 2015United Arab Emirates

    7 September 2015United Arab Emirates

    Judgment of the DIFC Court of First Instance in Claim No. ARB 001/2015 dated 7 September 2015

    DIFC Court of First Instance

    Decision summary
    The court stayed the recognition and enforcement proceedings for the arbitral award until the Dubai Civil Courts determined the pending annulment proceedings. It ordered the claimants to pay the costs of Faddey LLC and Fai Properties PJSC’s application.

    Supporting details

    8 authorities · 10 participants
    Fabiola
    Representative
    Sarah Malik (For: Fabiola · Fairuza)
    Representative
    Taylor Wessing (Middle East) LLP (For: Fabiola · Fairuza)
    Fairuza
    Representative
    Sarah Malik (For: Fabiola · Fairuza)
    Representative
    Taylor Wessing (Middle East) LLP (For: Fabiola · Fairuza)
    Faddey LLC (also known as Faddey Part 1 LLC)
    Representative
    Harris Bor (For: Faddey LLC (also known as Faddey Part 1 LLC) · Fai Properties PJSC)
    Representative
    K&L Gates (For: Faddey LLC (also known as Faddey Part 1 LLC) · Fai Properties PJSC)
    Fai Properties PJSC
    Representative
    Harris Bor (For: Faddey LLC (also known as Faddey Part 1 LLC) · Fai Properties PJSC)
    Representative
    K&L Gates (For: Faddey LLC (also known as Faddey Part 1 LLC) · Fai Properties PJSC)
    DIFC Court of First Instance
    Other
    Institutional administrator
    Mark Beer

    Authorities cited

    8
    • DIFC Courts Rules
      statute
    • DIFC Arbitration Law (Law No 1 of 2008)
      statute
    • UAE Civil Procedures Law (Federal Law No. 11 of 1992)
      statute
    • A v B (ARB-002-2014)
      case-law
    • Banyan Tree Corporate Pte Ltd v Meydan Group LLC (ARB-003-2013)
      case-law
    • A v B (ARB-005-2014)
      case-law
    • IPCO (Nigeria) Ltd. v. Nigerian National Petroleum Corp ([2005] EWHC 726 (Comm))
      case-law
    • New York Convention
      treaty
  4. Date not availableArbitration

    Date not availableArbitration

    Procedural Order No. 2

    Decision summary
    The procedural order corrected the misdescription of Faddey LLC as Faddey Part 1 LLC.

    Supporting details

    1 participant
    Faddey LLC (also known as Faddey Part 1 LLC)

Matter record

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Fabiola and Fairuza v Faddey LLC and Fai Properties PJSC (DIFC Court of First Instance ARB 001/2015) · Matter