Ruling:
1. The Notice of Motion dated 5th April 2024 has been compromised on the following conditions:
2. Status quo is to be maintained for a further period of 14 days only in terms of the interim orders previously issued by this court to allow the applicant to carry out an independent valuation in terms of prayer No 8.
3. Each of the parties are at liberty to appoint their own experts to carry out such valuation as stated above of the work done, and the parties shall agree on a date and time for the purpose of attending the site and preparing an independent report within the stipulated time period.
4. The expert report shall thereafter be filed with an arbitrator who shall be appointed by the parties in accordance with the agreement to arbitrate between the parties.
5. This court having provided interim relief, the remaining issues in dispute shall be resolved by way of arbitration and in accordance with the agreement to arbitrate between the parties.
6. The file is marked as closed.
1. The Notice of Motion dated 5th April 2024 has been compromised on the following conditions:
2. Status quo is to be maintained for a further period of 14 days only in terms of the interim orders previously issued by this court to allow the applicant to carry out an independent valuation in terms of prayer No 8.
3. Each of the parties are at liberty to appoint their own experts to carry out such valuation as stated above of the work done, and the parties shall agree on a date and time for the purpose of attending the site and preparing an independent report within the stipulated time period.
4. The expert report shall thereafter be filed with an arbitrator who shall be appointed by the parties in accordance with the agreement to arbitrate between the parties.
5. This court having provided interim relief, the remaining issues in dispute shall be resolved by way of arbitration and in accordance with the agreement to arbitrate between the parties.
6. The file is marked as closed.