DIFC Court of First Instance orders parties to bear their own costs (Neven v Nole)
Arbitration analysis: By order of 25 September 2024, Justice Moran of the DIFCCFI, applying the Rules of the DIFC Courts 2014 (the RDC), declined the parties’ application for costs, ordering each party to bear its own costs, with respect to Neven’s application for interim relief in support of arbitration in circumstances in which part of the relief was plainly without merit and the remainder of the relief was met by Nole by entering into an undertaking in favour of Neven with respect to certain corporate transactions that were the subject of a dispute between the parties in arbitration. Written by Dr Gordon Blanke, founding principal at Blanke Arbitration Dubai/London/Paris.
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