Thursday 12 March 2009

Businessman sues three for Dh7b in trade dispute

Following a commercial dispute, an Iranian businessman has sought Dh7 billion in civil compensation from a real estate company sponsored and managed by three shaikhs.

The Iranian businessman's lawyer Salim Al Sha'ali, of Al Sha'ali and Co Advocates and Legal Consultants, presented the civil lawsuit against the company and the three shaikhs before the Dubai Civil Court.

The first hearing of the case was heard yesterday.

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