Mazlin Trading Corp v WJ Holding Limited - Stubrick Limited - LCIA Arbitration No 16350 - 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 Mazlin Loan Agreement in the amounts of US$2,050,602.99 and US$2,850,088.60;
(2) Mazlin is entitled to simple interest on US$2,050,602.99 at 6% per annum from 1 December 2013 to 30 September 2015 in the sum of US$349,969.58;
(3) Mazlin is entitled to simple interest on US$2,050,602.99 at 10% per annum from 1 October 2015 until payment in full. As at the date of this award, such interest is payable in the sum of US$472,777,91, and continues at a daily rate of US$569.61;
(4) Mazlin is entitled to simple interest on US$2,850,088.60 at 6% per annum from 3 January 2013 to 30 September 2015 in the sum of US$470,739.63;
(5) Mazlin is entitled to simple interest on US$2,850,088.60 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 USS657,103.76, and continues at a daily rate of US$791.69;
(6) Mazlin is entitled to Legal Costs of US$214,164.00; and
(7) Mazlin is entitled to Arbitration Costs of L67,261.81.
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)