The special tribunal set up to manage disputes relating to Dubai World and its subsidiaries is looking to wind up the bulk of its cases by the middle of 2013 and thereafter continue to remain in dormant state.
“We should probably have very few active cases in the second part of next year… We are hoping to decide in the first half of next year all the cases we have so far, but more cases may or may not come in,” Sir Anthony Evans, chairman of Dubai World Tribunal and a former chief justice of Dubai International Financial Centre (DIFC) Courts, said in an interview to Arabian Business.
Dubai World Tribunal was set up in September 2009 and was designed to hear disputes relating to government-backed investment vehicle Dubai World and its subsidiaries.
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