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Searching dockets in Ali Zaid Al Quraishi Brothers Co Ltd x
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Other Statutes: Arbitration | Arizona
Order
ORDER: The Final Award dated November 9, 2018 and issued by arbitrator Ms. Marie Berard in LCIA Arbitration No. 173637 between Landers and AQESA is CONFIRMED. The Final Award on Costs dated March 14, 2019 and issued by arbitrator Ms. Marie Berard in LCIA Arbitration No. 173637 between Landers and AQESA is CONFIRMED. In conformity with the Final Award, Landers shall transfer shares representing its entire percentage interest in PipeTech to AQESA and take all steps necessary to effect the transfer. In conformity with the Final Award on Costs, Landers shall pay AQESA 33,807.76 for its arbitration costs, and SAR 4,409,555.88 to AQESA for its legal and other costs related to the arbitration, with post judgment interest on such amounts awarded pursuant to 28 U.S.C. § 1961. The Clerk shall enter judgment accordingly and terminate this case. Signed by Judge Douglas L Rayes on 3/10/2020. (REK)
Clerks Judgment
CLERK'S JUDGMENT - Pursuant to the Court's order filed March 10, 2020, and in conformity with the Final Award, Landers shall transfer shares representing its entire percentage interest in PipeTech to AQESA and take all steps necessary to effect the transfer. Furthermore, in conformity with the Final Award on Costs, Landers shall pay AQESA 33,807.76 for its arbitration costs, and SAR 4,409,555.88 to AQESA for its legal and other costs related to the arbitration, with post judgment interest on such amounts awarded pursuant to 28 U.S.C. § 1961. This matter is dismissed. (REK)
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