Matter
Novak v Newland (DIFC Court of First Instance ARB 020/2022)
- 18 July 2022Arbitration
18 July 2022Arbitration
Arbitral Award dated 18 July 2022
- Decision summary
- The tribunal ordered Newland to pay Novak AED 160,722,046 under the guarantees.
Supporting details
2 participantsNovak
Newland
3 days later · 3 days
- 21 July 2022United Arab Emirates
21 July 2022United Arab Emirates
Order of the Dubai Bankruptcy Courts dated 21 July 2022
Dubai Bankruptcy Courts
- Decision summary
- The court suspended liquidation of the guarantees for three months and referred the matter to an engineering expert committee.
1 year, 3 months and 9 days later · 466 days
- 30 October 2023United Arab Emirates
30 October 2023United Arab Emirates
Recognition and Enforcement Order of the DIFC Court of First Instance in the case ARB 020/2022 dated 30 October 2023
DIFC Court of First Instance
- Decision summary
- The court recognized Novak’s arbitral award as binding and enforceable in the DIFC in the same manner as a judgment or order of the DIFC Courts.
Supporting details
2 participantsNovak
Newland
DIFC Court of First Instance
1 month and 15 days later · 46 days
- 15 December 2023United Arab Emirates
15 December 2023United Arab Emirates
Order of the Dubai Bankruptcy Courts dated 15 December 2023
Dubai Bankruptcy Courts
- Decision summary
- The court extended the suspension of liquidation of the guarantees for six months.
5 months and 5 days later · 157 days
- 20 May 2024United Arab Emirates
20 May 2024United Arab Emirates
Renewal Order of the Dubai Bankruptcy Courts dated 20 May 2024
Dubai Bankruptcy Courts
- Decision summary
- The court renewed the prohibition on liquidation of the guarantees for a further six months.
2 months and 12 days later · 73 days
- 1 August 2024United Arab Emirates
1 August 2024United Arab Emirates
Order with Reasons of the DIFC Court of First Instance in the case ARB 020/2022 dated 1 August 2024
DIFC Court of First Instance
- Decision summary
- The court rejected Newland’s application to set aside the 30 October 2023 order recognizing Novak’s arbitral award as binding and enforceable in the DIFC. It held that the Dubai Bankruptcy Courts’ decision did not affect enforcement, that the public-policy threshold was not met, and that no procedural irregularity warranted setting aside the recognition order; costs were payable by Newland.
Supporting details
9 authorities · 3 participants2 months and 24 days later · 85 days
- 25 October 2024United Arab Emirates
25 October 2024United Arab Emirates
Order with Reasons of the DIFC Court of First Instance in the case ARB 020/2022 dated 25 October 2024
DIFC Court of First Instance
- Decision summary
- The court granted Newland permission to appeal on all grounds against the 1 August 2024 order dismissing its application to set aside the recognition and enforcement order. The matter was referred to the Court of Appeal for determination, with costs in the case.
Supporting details
7 authorities · 3 participants