Arbitral Digest

Matter

Georgia Corporation v Gavino Supplies (UAE) FZE (Dubai International Financial Centre Courts, Claim No ARB 005/2016)

  1. 5 November 2014Arbitration

    5 November 2014Arbitration

    Final arbitral award dated 5 November 2014

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The tribunal held that Georgia Corporation validly terminated the contract and awarded reliance damages of JPY 3,760,375,889 plus interest from the date of the award. It made no order concerning any future accounting for double recovery.

    Supporting details

    2 participants
    GEORGIA CORPORATION
    GAVINO SUPPLIES (UAE) FZE
    International Court of Arbitration of the International Chamber of Commerce

    2 months and 22 days later · 83 days

  2. 27 January 2015Arbitration

    27 January 2015Arbitration

    Addendum to final arbitral award dated 27 January 2015

    International Court of Arbitration of the International Chamber of Commerce

    Decision summary
    The addendum varied the final arbitral award amount to JPY 3,715,272,550 and confirmed that the tribunal made no order concerning any future accounting for double recovery.

    Supporting details

    2 participants
    GEORGIA CORPORATION
    GAVINO SUPPLIES (UAE) FZE
    International Court of Arbitration of the International Chamber of Commerce

    1 year, 8 months and 14 days later · 623 days

  3. 11 October 2016United Arab Emirates

    11 October 2016United Arab Emirates

    Judgment of the Dubai International Financial Centre Courts, Court of First Instance in Claim No ARB 005/2016 dated 11 October 2016

    Dubai International Financial Centre Courts, Court of First Instance

    Case no.
    ARB 005/2016
    Decision summary
    The Court dismissed Gavino Supplies (UAE) FZE's applications for further information and a stay, recognised and enforced the final ICC arbitral award as amended, and entered judgment for Georgia Corporation for JPY 3,715,272,550 plus interest and costs. It declined security and payment into court because the proposed second arbitration and alleged equipment re-use were speculative.

    Supporting details

    13 authorities · 10 participants
    GEORGIA CORPORATION
    Representative
    Yacine Francis (For: GEORGIA CORPORATION)
    Representative
    Allen & Overy (For: GEORGIA CORPORATION)
    GAVINO SUPPLIES (UAE) FZE
    Representative
    Tom Montagu-Smith (For: GAVINO SUPPLIES (UAE) FZE)
    Representative
    Al Tamimi & Co (For: GAVINO SUPPLIES (UAE) FZE)
    Dubai International Financial Centre Courts, Court of First Instance
    Other
    Institutional administrator
    Mark Beer
    Witness
    Mr GILAH
    Witness
    Mr Gil

    Authorities cited

    13
    • Bradford & Bingley plc v Rashid ([2006] UKHL 37; (2006) 1 WLR 2066)
      case law
    • Rules of the DIFC Courts (RDC)
      court rules
    • Halsbury's Laws of England, 5th ed, vol 32, p 457
      academic
    • National Grid Electricity Transmission Plc v ABB Ltd ([2012] EWHC 869 (Ch))
      case law
    • Hall v Sevalco Ltd ([1996] PIQR 344)
      case law
    • Harris v Society of Lloyds ([2008] EWHC 1433 (Comm))
      case law
    • Workspace Management Limited v YJL London Limited ([2009] EWHC 2017 (TCC))
      case law
    • DIFC Arbitration Law (Law No 1 of 2008)
      statute
    • Far Eastern Shipping Co v Sovcomflot ((1995) 1 Lloyds Rep 520)
      case law
    • Continental Transfer Technique Ltd v The Federal Government of Nigeria ([2010] EWHC 780 (Comm))
      case law
    • H & CS Holdings Pte Ltd v RBEG Trading (UK) Ltd ([2015] EWHC 1665 (Comm))
      case law
    • Margulies Bros Ltd v Dafnis Thomaides & Co (UK) Limited ([1958] 1 Lloyds Rep 250)
      case law
    • Burnet v Francis Industries Plc ((1987) 1 WLR 802)
      case law

Matter record

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Georgia Corporation v Gavino Supplies (UAE) FZE (Dubai International Financial Centre Courts, Claim No ARB 005/2016) · Matter