(1) Abdulrahim Abdulla Jaffar Al Zarouni (2) Saif Abdulrahim Abdulla Jaffar Al Zarouni v Eastlift DMCC [2020] DIFC CFI 071

June 17, 2021 court of first instance - Judgments

Claim No. CFI 071/2020

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

In the Name of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Ruler of Dubai

IN THE COURT OF FIRST INSTANCE

BETWEEN

(1) ABDULRAHIM ABDULLA JAFFAR AL ZAROUNI
(2) SAIF ABDULRAHIM ABDULLA JAFFAR AL ZAROUNI

Claimants

and

EASTLIFT DMCC

Defendant

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JUDGMENT OF JUSTICE LORD ANGUS GLENNIE

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ORDER

UPON hearing Counsel for the Claimants at the hearing on 9 June 2021

AND UPON considering the relevant documents on the Court file

IT IS HEREBY ORDERED THAT:

1. It is hereby declared that the Share Purchase Agreement between the Claimants and the Defendant dated 25 March 2020 has been validly terminated by the Claimants by reason of the Defendant’s repudiatory breach of contract.

2. The Defendant must pay the Claimants the