Dispute between Viceroy and Five Holdings continues
Viceroy claims that the Judicial Committee has ruled that DIFC has jurisdiction in the operator's dispute with Five Holdings - the latter refutes this
Viceroy Hotels and Resorts has claimed that it has obtained a favourable ruling from the Joint Judicial Committee of Dubai (JJC) in Viceroy’s ongoing dispute with Five Holdings over the Palm Jumeirah property - which Five Holdings has since refuted.
Viceroy has said that the JJC has ruled that DIFC has jurisdiction in the dispute between Viceroy and Five Holdings, Kabir Mulchandani's company.
The ruling reportedly enables Viceroy to enforce the injunction it already obtained from the DIFC Courts against Mulchandani on June 22, 2017 following the ouster of Viceroy from the hotel. The injunction is said to require Mulchandani to restore Viceroy branding and management to the hotel.
A statement released by Viceroy said: "Viceroy intends to take all steps necessary to enforce the DIFC Courts’ injunction, re-enter the Viceroy Palm Jumeirah Hotel and restore the Viceroy branding."
This follows the previous update wherein Viceroy filed court papers in Los Angeles against Five Holdings.
However, in response to this, Five Holdings has released a statement saying that "there is no injunction or order of any kind against the owners of the hotel or Kabir Mulchandani or the legal and licensed operator, Five Hotel FZCO, of Five Palm Jumeirah Dubai".
It also noted: "We are pleased to announce that the case against Viceroy’s affiliate in the local Dubai Courts for the sum of AED 500 million (US $136m) has been allowed to proceed by the Joint Judicial Committee of Dubai ('JJC')."