ASW Hospitality AG v MAG Property Development LLC [2022] DIFC CFI 078 (20 December 2022)

The parties have mutually agreed to settle the dispute on specified terms, including payment and issuance of credit notes, and the court orders discontinuance of the claim accordingly.

Source-derived case information.

Citation: [2022] DIFC CFI 078
Parties: Claimant: ASW Hospitality AG; Defendant: MAG Property Development LLC
Jurisdiction: United Arab Emirates
Judgment Date: 20 December 2022
Procedural Posture: Civil / Consent Order/settlement
Outcome: Case discontinued by consent; settlement terms recorded.
Legal Topics: Settlement, Consultancy Agreement, Credit Note, Membership Cards

Contract Law Commercial Law Settlement Consultancy Agreement Credit Note Membership Cards

Source-derived case record

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Parties

ASW Hospitality AG

Claimant

MAG Property Development LLC

Defendant

Procedural Posture

Civil / Consent Order/settlement

Legal Issues

1 Whether the parties have agreed to settle the dispute and the terms of settlement

Ratio Decidendi

The parties have mutually agreed to settle the dispute on specified terms, including payment and issuance of credit notes, and the court orders discontinuance of the claim accordingly.

Court Disposition

Case discontinued by consent; settlement terms recorded.

Orders

Claim discontinued by consent.
Defendant to pay USD 440,000 to Claimant within 7 days.

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