Laurent Bernard Nordin (2) Patrick Claude Georges Thiriet (3) Nasr-eddine Benaissa (4) Deep Blue Advisors Limited v Darayus Happy Minwalla [2023] DIFC CFI 010 (03 March 2023)

Claim No. CFI 010/2021

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

BETWEEN

(1) LAURENT BERNARD NORDIN
(2) PATRICK CLAUDE GEORGES THIRIET
(3) NASR-EDDINE BENAISSA
(4) DEEP BLUE ADVISORS LIMITED

Claimants

and

DARAYUS HAPPY MINWALLA

Defendant


CONSENT ORDER


UPON the parties having agreed to the terms set out in a settlement agreement dated 27 February 2023 (the “Agreement”), a copy of which is annexed with this Consent Order:

IT IS HEREBY ORDERED BY CONSENT THAT:

1. The trial dates scheduled from 13 March 2023 to 16 March 2023 shall be suspended until such time the conditions precedent set forth in Clause 2.2 of the Agreement (“Condition Precedents”) are satisfied by the Defendant on or before 31 March 2023 (“Deadline”).

2. Should the Defendant fail to satisfy the Conditions Precedent on or before the Deadline, the Parties shall agree on alternative trial dates by no later than4pm on 7 April 2023.

3. Should the Defendant satisfy the Conditions Precedent on or before the Deadline, the Parties shall execute an agreed final consent order to discontinue the proceedings (“Agreed Final Consent Order”) and communicate a signed copy of the Agreed Final Consent Order to the Registry by no later than4pm on 7 April 2023.

4. Each Party shall bear its own costs.

Issued by:
Hayley Norton
Assistant Registrar
Date of issue: 3 March 2023
At: 4pm