Thursday 9 February 2012

Former Nakheel CEO awarded $3 mln by DIFC court - Yahoo!

Nakheel's former chief executive, who had sued the indebted developer for breach of contract, was awarded $3 million in damages by a Dubai court on Thursday.
Chris O'Donnell, who left Nakheel last June after five years, had sued for $3.7 million in lost incentives and entitlement fees.
The Dubai World special tribunal had yet to decide on 900,000 UAE dirhams ($245,000) in additional costs and interest claimed by O'Donnell.

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