Matter
Princeton v Persephone (DIFC Courts ARB 015/2026 and ARB 027/2026)
The Princeton–Persephone DIAC arbitration and related DIFC proceedings concern a challenge to, recognition of, and costs arising from a final award.
Procedural record
- 19 January 2026Arbitration
19 January 2026Arbitration
Final majority arbitral award dated 19 January 2026
Dubai International Arbitration Centre (DIAC)
- Decision summary
- A final majority arbitral award was issued in the DIAC arbitration; the DIFC Court later ordered the award set aside.
Participants
Princeton
Persephone
Dubai International Arbitration Centre (DIAC)
3 months and 17 days later · 107 days
- 6 May 2026United Arab Emirates
6 May 2026United Arab Emirates
Recognition Order of the Dubai International Financial Centre Courts in ARB 027/2026 dated 6 May 2026
Dubai International Financial Centre Courts
- Decision summary
- The Court granted the recognition claim without notice and recognised the Final Award.
5 days later · 5 days
- 11 May 2026United Arab Emirates
11 May 2026United Arab Emirates
Order of the Dubai International Financial Centre Courts in ARB 015/2026 dated 11 May 2026
Dubai International Financial Centre Courts
- Decision summary
- The Court refused the informal application for the set-aside claim to be determined on the papers, gave directions for the hearing, and reserved costs.
1 month and 20 days later · 51 days
- 1 July 2026United Arab Emirates
1 July 2026United Arab Emirates
Order of the Dubai International Financial Centre Courts in ARB 027/2026 dated 1 July 2026
Dubai International Financial Centre Courts
- Decision summary
- The Court dismissed the security application and prohibited enforcement of the Final Award until final determination of the set-aside claim.
1 month and 13 days later · 44 days
- 14 August 2026United Arab Emirates
14 August 2026United Arab Emirates
Set Aside Order of the Dubai International Financial Centre Courts dated 14 August 2026
Dubai International Financial Centre Courts
- Decision summary
- The Court set aside the Final Award, set aside the Recognition Order, and dismissed the recognition claim.
1 month and 7 days later · 38 days
- 21 September 2026United Arab Emirates
21 September 2026United Arab Emirates
Order with Reasons of the Dubai International Financial Centre Courts, Court of First Instance in the cases ARB 015/2026 and ARB 027/2026 dated 21 September 2026
Dubai International Financial Centre Courts, Court of First Instance
- Decision summary
- The Court directed the parties to lodge a draft order implementing its costs assessment. It assessed Princeton’s costs on the standard basis, rejected a stay pending appeal, and ordered interest at 9% on the costs sum from the date of the costs order until payment.
Participants
- Application
- ARB 015/2026 set-aside claim — Final Award set aside
- Application
- ARB 027/2026 recognition claim — Recognition Order set aside and claim dismissed
- Application
- ARB 027/2026/1 application — Recognition Order set-aside application determined
- Application
- ARB 027/2026/2 security application — Security application dismissed
Princeton
Persephone
Dubai International Financial Centre Courts, Court of First Instance
- Judge
- H.E. Justice Mark Pelling
- Court registrar
- Delvin Sumo