Thursday 2 December 2010

New twist in property investor's suit

A judge has ruled part of an investor's lawsuit filed against the Dubai developer Damac Properties may be heard by the Dubai International Financial Centre (DIFC) Courts.

Lothar Hardt's closely watched suit against the developer is believed to be the largest filed against a developer in the emirate.

'I think this is very important for Dubai …' Mr Hardt said yesterday. 'So far everything has been left in the dark.'"

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