Decisión nº: 001414

In October 2002 the 1971 Fund Administrative Council noted that in February 2002 the Dubai Court of Appeal had upheld the judgement of the Court of first instance, which had rejected the 1971 Fund’s claim against the owner of the tug Falcon 1, but had ordered the owner of the cargo on board the Pontoon 300, who had allegedly chartered the tug Falcon 1, to pay the Fund £840,000. It was noted, however, that the Court of Appeal had amended the amount awarded to the 1971 Fund to £880,000. The Council noted that the 1971 Fund had appealed to the Dubai Court of Cassation against the Court of Appeal’s judgement and that in a judgement in October 2002 the Court of Cassation had allowed the Fund’s appeal and had referred the matter back to the Dubai Court of Appeal for reconsideration.