Adrian Chadwick briefs us on the uncertainty of the Special Tribunal's jurisdiction over claims brought by or against Nakheel and its subsidiaries once it is carved out of Dubai World.
In Brief:
- The Special Tribunal was granted jurisdiction in relation to disputes brought against or by Dubai world and its subsidiaries.
- It is questionable whether the Special Tribunal will still retain jurisdiction for claims related to Nakheel, which will soon no longer be a Dubai World subsidiary.
- In light of this predicament, there are various jurisdictional possibilities that should be considered.
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