Dubai companies will be able to settle their disputes at the specialised English-language courts of the Dubai International Financial Centre after a deal was signed yesterday.
The new protocol between the Arabic-language Dubai Courts and the DIFC Courts is intended to clarify the issue of DIFC jurisdiction and, according to lawyers, could instil greater confidence among foreign companies.
The agreement comes at a critical stage for Dubai’s financial sector and could have a large implication on resolving disputes over financial matters.
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