Tuesday 1 November 2011

gulfnews : Companies can take dispute cases to DIFC courts

Companies will now be able to choose to have dispute cases heard in English common law courts.

A new law will allow businesses from Dubai and across the Gulf to use the courts of the Dubai International Financial Centre (DIFC), meaning that they can avoid the backlog that has plagued Dubai's traditional civil courts.

The move, which has been welcomed by both lawyers and local businesses, is likely to boost the workload at the DIFC, lawyers say, as companies are drawn to the opportunity to be awarded costs — an option not available in civil cases.

No comments:

Post a Comment