LITT
Try LITT free
uae-difc-cases
PASSPORT SPECIAL OPPORTUNITIES MASTER FUND v ARY COMMUNICATIONS [2019] DIFC CFI 039 — Settlement and stay of enforcement proceedings (13 March 2019)
This order formalizes a comprehensive settlement agreement between Passport Special Opportunities Master Fund and the ARY Communications group, staying enforcement of a prior judgment while establishing a structured payment plan and liquidated damages mechanism for potential future defaults.
·
·6 min read
uae-difc-cases
PASSPORT SPECIAL OPPORTUNITIES MASTER FUND v ARY COMMUNICATIONS [2018] DIFC CFI 039 — Enforcement of Singaporean judgment recognizing an ICC award (06 June 2018)
The DIFC Court of First Instance confirms the enforceability of a foreign judgment recognizing an international arbitral award where the defendants fail to participate in the enforcement proceedings.
·
·5 min read