Monday 27 February 2012

Caseload doubles at Dubai financial court - The National

The caseload for Dubai International Financial Centre (DIFC) Courts' largest claims court has more than doubled so far this year as more firms rush to get disputes resolved in the free zone.

Officials say the rise is down to more awareness about the courts' capabilities after a rule change in October to widen its remit to include non-DIFC firms. Publicity surrounding a recent high-profile case has also helped attract more interest, they say.

"More people have been made aware about the DIFC Courts when they didn't know about them previously and it has become an option they never contemplated before," said Mark Beer, the DIFC Courts registrar.

No comments:

Post a Comment