MB with PGM on cross-border contract dispute before DIFC Courts
Matouk Bassiouny’s (MB) International Dispute Resolution team represented PGM Technologies on obtaining a favourable judgment in a cross-border breach of contract case before the Dubai International Financial Centre (DIFC) Courts.
The context
The dispute in question originated from a breach of contractual obligations, payment defaults, and the enforcement of agreed terms. The DIFC Court awarded PGM Technologies full recovery of EUR 1,000,000, together with contractual interest at 5% per annum from the date of breach, post-judgment interest at the same rate until payment, and costs totalling USD 100,752.28.
The Matouk Bassiouny team
Partner Ahmed Tony (pictured) led the Matouk Bassiouny team on the matter, with support from senior associate Youssef Nassar and associate Alia Elraey.
