Shireen Maritime Ltd - Mazlin Trading Corp v WJ Holding Limited - Stubrick Limited - LCIA Arbitration No 173638 - Final Award - 23 January 2018
Country
Year
2018
Summary
...
F. THE AWARD
201. Accordingly, the Tribunal hereby awards as follows:
(1) Mazlin is entitled to repayment of the monies advanced under the Shireen Loan Agreement in the sum of US$3,773,033.12;
(2) Mazlin is entitled to simple interest at 6% per annum from 3 December 2012 to 30 September 2015 in the sum of US$642,673.31;
(3) Mazlin is entitled to simple interest at 10% per annum from 1 October 2015 until payment in full. As at the date of this award, interest is payable in the sum of US$869,893.75, and continues at a daily rate of US$1,048.07;
(4) Mazlin is entitled to Legal Costs of US$175,225.09; and
(5) Mazlin is entitled to Arbitration Costs of £53,551.95.
202. Any remaining applications, claims or counter-claims are hereby dismissed.
The Arbitral Tribunal:
Jonathan Crow QC
Kate Davies
Guy Pendell.
(OCR errors may be present)