Legal24 Nov 2025, 05:34 pm
Sunteck Realty's Subsidiary Settles Dispute with Joint Venture Partner in Dubai
AI Summary
Sunteck Realty Ltd. has announced that its wholly owned step down Dubai subsidiary, Sunteck Lifestyles Limited (SLL), has received an order from the London Court of International Arbitration confirming the withdrawal of a claim and termination of arbitration with its joint venture partner, Grand Valley General Trading LLC. This order signifies the settlement of all litigation between the parties, following a dispute. This development is in continuation to the company's previous intimation regarding the settlement of disputes and a court order from the Dubai International Financial Centre Court in December 2024.
Key Highlights
- Sunteck Realty's subsidiary, Sunteck Lifestyles Limited (SLL), receives order from London Court of International Arbitration
- Order confirms withdrawal of claim and termination of arbitration with joint venture partner, Grand Valley General Trading LLC
- Settlement marks the disposition of all litigation between the parties
- Announcement follows Sunteck Realty's previous intimation on dispute settlement and court order from Dubai International Financial Centre Court
- Sunteck Realty continues to manage and resolve legal matters effectively