Arbitral Digest

Matter

Olympio v Olwin (DIFC Courts ARB 024/2025)

Applicable rules
Rules of the Dubai International Arbitration Centre · Rules of the Singapore International Arbitration Centre
  1. 3 March 2025Arbitration

    3 March 2025Arbitration

    DIAC Award

    Decision summary
    Olympio was ordered to pay Olwin USD 6,287,561.17 plus interest.

    Supporting details

    2 participants
    Olympio
    Olwin

    3 months and 8 days later · 100 days

  2. 11 June 2025Arbitration

    1 month and 27 days later · 57 days

  3. 7 August 2025United Arab Emirates

    7 August 2025United Arab Emirates

    Order with Reasons of the Dubai International Financial Centre Court of First Instance in the case ARB 024/2025 dated 7 August 2025

    Dubai International Financial Centre Court of First Instance

    Decision summary
    The Court dismissed Olwin’s application to stay the DIFC proceedings pending determination of the jurisdictional conflict application before the Conflicts of Jurisdiction Tribunal. It held that filing the conflict claim did not automatically suspend the proceedings, that the DIFC Courts had prima facie jurisdiction to recognise and enforce the SIAC Award, and that interim protective measures could continue pending resolution of the jurisdictional issue.

    Supporting details

    7 authorities · 3 participants
    Olympio
    Olwin
    Dubai International Financial Centre Court of First Instance

    Authorities cited

    7
    • Dubai Decree No. 29 of 2024 concerning the Judicial Tribunal for the Resolution of Conflicts of Jurisdiction between the Dubai Courts and the DIFC Courts (Dubai Decree No. 29 of 2024, Articles 6 and 7)
      statute
    • DIFC Arbitration Law, Article 42
      statute
    • New York Convention (Convention on the Recognition and Enforcement of Foreign Arbitral Awards)
      treaty
    • Credit Suisse (Switzerland) Ltd v Goel ([2020] DIFC CA 008)
      case
    • Lakhan v Lamia ([2021] DIFC CA 001)
      case
    • Naatiq v Nabeeh (ARB-018-2024)
      case
    • Five Holding Ltd v Qatar Insurance Company ([2021] DIFC CFI 027)
      case

    21 days later · 21 days

  4. 28 August 2025United Arab Emirates

    28 August 2025United Arab Emirates

    Order with Reasons of the Dubai International Financial Centre Court of First Instance in the case ARB 024/2025 dated 28 August 2025

    Dubai International Financial Centre Court of First Instance

    Decision summary
    The Court dismissed Olwin’s urgent application for a stay because it did not comply with the procedural requirements of RDC Part 25 and sought relief under a provision that did not support the application. Olwin was ordered to bear its own costs of the urgent application.

    Supporting details

    2 authorities · 4 participants
    Olympio
    Olwin
    Representative
    Othmane Saadani (For: Olwin)
    Dubai International Financial Centre Court of First Instance
    Other
    Institutional administrator
    Hayley Norton

    Authorities cited

    2
    • Rules of the DIFC Courts (RDC Part 25)
      rules
    • Rules of the DIFC Courts (RDC 1.6)
      rules

    6 months and 24 days later · 208 days

  5. 24 March 2026United Arab Emirates

    24 March 2026United Arab Emirates

    Order with Reasons of the Dubai International Financial Centre Court of Appeal in the case ARB 024/2025 dated 24 March 2026

    Dubai International Financial Centre Court of Appeal

    Decision summary
    The Court granted Olympio permission to appeal on all proposed grounds against the 23 September 2025 order dismissing the SIAC award enforcement claim for lack of jurisdiction and discharging the worldwide freezing order. The Court held that the proposed grounds had a real prospect of success, including arguments that the DIFC Courts retained free-standing jurisdiction to grant interim relief and that the lower court acted without hearing the parties or giving reasons.

    Supporting details

    5 authorities · 4 participants
    Olympio
    Olwin
    Dubai International Financial Centre Court of Appeal
    Other
    Institutional administrator
    Hayley Norton

    Authorities cited

    5
    • Rules of the DIFC Courts (RDC 44.117)
      rules
    • Rules of the DIFC Courts (RDC 44.5)
      rules
    • Rules of the DIFC Courts (RDC 44.19)
      rules
    • Dubai Decree-Law No. 29/2024, Article 5
      statute
    • DIFC Courts Law 2005
      statute

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Olympio v Olwin (DIFC Courts ARB 024/2025) · Matter