Everything about Arabian Finance Awards
Everything about Arabian Finance Awards
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e. The Procedural Timetable was altered as a result of failure in the Respondents 1 and 3 to disclose of their Preliminary submission the Dubai Courtroom Proceedings experienced not been served on Cessna which necessitated supplemental submissions from both equally functions to handle the issue of services of Those people proceedings.
"The foregoing summary is a lot more compelling in scenarios the place parallel judicial proceedings are initiated outside an agreed arbitral seat, commonly in a single bash's home jurisdiction.
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g. In November 2010, Respondent one and three commenced the proceedings within the Civil Court docket of Dubai to Get well excessive Lease rental payments improperly charged by Cessna and compensated by Gulf Jet, as well as to establish an affordable reduction or elimination with the legal responsibility beneath the Leases in accordance With all the legal guidelines of your Emirate of Dubai due to the impression of monetary disaster which needs to be mirrored in a suitable accounting. It had been asserted that Cessna had declined to appear in Individuals proceedings (Respond to one.fourteen).
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Chaouki Daher, GM-head of personal Banking at Dukhan Financial institution, explained: “We are very pleased to acquire this prestigious award Once more. These successive honours talk volumes about our team's unwavering pursuit of excellence as well as deep assurance our customers have in us.
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157. Gulf Jet had in correspondence elevated the allegation of overcharging by Cessna in regard of every month payments. While Gulf Jet asserted People statements inside the Dubai Court docket Proceedings, the correct quantity of the month to month payments is straight in issue During this arbitration and The difficulty of alleged overcharging is subsumed in the resolve with the quantities correctly owing from Gulf Jet as a way to work out the quantity of a deficiency, if any, right after making use of the proceeds of sale. 158. The Claimant has relied on Posting fourteen (b) (i) of each Lease as The idea to the determination of the amount it claims it truly is entitled to Get well from Gulf Jet, and the opposite Respondents, beneath the terms of the Leases where the aircraft are repossessed after which sold by Cessna.
“It is a fantastic pleasure to welcome you towards the 12th version with the Gulf Business enterprise Awards. To our nominees and winners, your impression is extraordinary.
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The necessity of this diversification project has grown to be very Fintech Awards clear over the past twelve months, as fluctuations in crude oil charges have revealed weaknesses from the region’s economies.
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