DIFC Court rejects Persephone’s permission to appeal against setting aside of USD 18.4 million arbitral award in Princeton dispute
The dispute arose from a DIAC arbitration in which a majority award imposed an approximately USD 18.4 million liability on Princeton. After the DIFC Court set aside the award, Persephone sought permission to appeal, challenging the Court’s findings on the scope of the issues before the Tribunal, procedural fairness and the setting aside of the entire award.