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Sunday, 31 July 2016

Value of legal cases lodged at DIFC soars to Dh3.44 billion in the first half | The National

Value of legal cases lodged at DIFC soars to Dh3.44 billion in the first half | The National:

"The value of legal cases coming before the DIFC Courts ballooned in the first half of the year as more and more businesses turned to Dubai’s English-language commercial court in an attempt to force their creditors to pay up.

Legal cases worth Dh3.44 billion were handled by DIFC Courts in the first six months of 2016, according to official figures released yesterday, 48 per cent more than the Dh2.33bn of cases handled during the same period a year earlier.


DIFC said that the biggest increase in its workload came from a huge growth in the number of enforcement cases in which DIFC judges can force parties to pay up once an award has been made against them."



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