DIFC Court orders winding-up in case of failure to satisfy award | Practical Law

DIFC Court orders winding-up in case of failure to satisfy award | Practical Law

In Oger Dubai LLC v Daman Real Estate Capital Partners Limited (DIFC CFI 013/2016), the DIFC Court of First Instance considered whether to allow the defendant company to be wound up notwithstanding that the arbitral award, which formed the basis for the winding-up petition, was being challenged in the onshore Dubai courts.

DIFC Court orders winding-up in case of failure to satisfy award

Practical Law UK Legal Update Case Report 1-630-3444 (Approx. 5 pages)

DIFC Court orders winding-up in case of failure to satisfy award

by Henry Quinlan (Partner) and Samantha Martin (Legal Consultant), DLA Piper Middle East LLP
Published on 29 Jun 2016 • United Arab Emirates
In Oger Dubai LLC v Daman Real Estate Capital Partners Limited (DIFC CFI 013/2016), the DIFC Court of First Instance considered whether to allow the defendant company to be wound up notwithstanding that the arbitral award, which formed the basis for the winding-up petition, was being challenged in the onshore Dubai courts.