Arbitral Digest

Matter

FRAN v FAIMIDA (Dubai International Financial Centre Courts, Court of First Instance, 16 December 2014)

Seat
United Arab Emirates
Applicable rules
DIAC Rules
  1. 5 November 2014United Arab Emirates

    5 November 2014United Arab Emirates

    Judgment of the Dubai Courts dismissing the annulment claim dated 5 November 2014

    Dubai Courts

    Decision summary
    The Dubai Courts dismissed FAIMIDA's claim to annul the DIAC award with costs, characterizing the claim as factually and legally groundless.

    Supporting details

    2 participants
    FRAN
    FAIMIDA
    Dubai Courts

    1 month and 11 days later · 41 days

  2. 16 December 2014United Arab Emirates

    16 December 2014United Arab Emirates

    Redacted Reasons for the Order of Justice Sir David Steel dated 16 December 2014

    Dubai International Financial Centre Courts, Court of First Instance

    Decision summary
    The DIFC Court dismissed FAIMIDA's amended application challenging the court's jurisdiction over FRAN's application to recognize and enforce the DIAC award. It held that the DIFC Court could proceed despite the Dubai annulment proceedings and refused to adjourn the recognition and enforcement application.

    Supporting details

    14 authorities · 4 participants
    FRAN
    FAIMIDA
    Dubai International Financial Centre Courts, Court of First Instance
    Other
    Institutional administrator
    Natasha Bakirci

    Authorities cited

    14
    • DIFC Arbitration Law (DIFC Law No. 1 of 2008)
      statute
    • Judicial Authority Law (Law No. 12 of 2004, as amended)
      statute
    • Law No. 16 of 2011
      statute
    • Federal Law No. 99 of 1971
      statute
    • Federal Law No. 8 of 2004
      statute
    • Civil Procedure Law
      statute
    • English Arbitration Act 1996 (Arbitration Act 1996 (England and Wales))
      statute
    • Rules of the DIFC Courts
      statute
    • Rules of Commercial Reconciliation and Arbitration of the Dubai Chamber of Trade & Industry
      statute
    • Summary of the Protocol of Enforcement between Dubai Courts and DIFC Courts
      statute
    • Banyan Tree Corporate PTE Ltd v Meydan Group LLC (ARB003/2013)
      case-law
    • X1 v. Y (ARB 001 2014)
      case-law
    • IPCO (Nigeria) Ltd. v. Nigerian National Petroleum Corp ([2005] EWHC 726 (QB))
      case-law
    • New York Convention
      statute
  3. Date not availableUnited Arab Emirates

    Date not availableUnited Arab Emirates

    DIAC Arbitral Award

    Dubai International Arbitration Centre (DIAC)

    Decision summary
    The arbitrator awarded FRAN $3,055,465.02 plus $515,510.37 in costs, for a total of $3,570,975.39, with interest at 12%.

    Supporting details

    3 participants
    FRAN
    FAIMIDA
    Dubai International Arbitration Centre (DIAC)

Matter record

Report a correction

FRAN v FAIMIDA (Dubai International Financial Centre Courts, Court of First Instance, 16 December 2014) · Matter