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Whilst Gulf Jet and Al Meeza experienced shipped a solution and, by their counsel Mr. Matar, participated from the drafting of your Conditions of Reference, they refused to indicator the Conditions as finalized from a priority which they not prejudice their position that the arbitration agreements had been invalid and unenforceable.
five. The Respondent Al Mulla was entitled to some credit or established-off of any and all sums the Claimant gained all through its retention, use or operation of the topic aircraft, before the last word sale and disposition of very same.
Islamic financial institutions located in the Gulf Cooperation Council (GCC) nations continue to extend their access, taking on Shariah-compliant transactions in new industries and developing new strategic partnerships.
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Consequently, matter towards the affirmative defences raised because of the Respondents and reviewed under, it can be over and above dispute that Gulf Jet was prima facie in breach of its payment obligations and committed an Function of Default as defined under Each individual Lease as of the dates mentioned in subparagraphs 129 a. and b.
Even though the Assure was inside the English language, it need to be noted that each one phrases have been also reproduced in Arabic straight away adjacent for the English version and had been obviously legible in both equally languages.
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Go away was also granted While using the consent of Respondent 2 for particular of the Claimant's witnesses, together with expert Kenneth Dufour, to look on the merits hearing Through video convention for the applications of cross-evaluation
245. With respect to The prices of the arbitration inside Report 37 (1) of your ICC Rules in respect of the expenses and bills of the only Arbitrator and the Administrative expenditures as at the moment fixed by the ICC Courtroom in the quantity of US $ one hundred ninety,000, all of that has been compensated by Cessna, it can be ordered the that the Respondents Gulf Jet, Al Meeza and Al Mulla are jointly and severally liable to pay for to Cessna the sum of US $ one hundred ninety,000 for these expenditures of this arbitration. 246. The Tribunal decides that any and all other promises and defenses not normally established Within this Closing Award be and the exact same are hereby turned down. Jus AI Here are a few solutions to acquire you started off
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