Thursday, 8 April 2010
Dubai's Limitless target of first tribunal
A special tribunal set up by Dubai to handle debt claims against the subsidiaries of its Dubai World holding company has received its first case, a key filing that may set the tone for other potential claims.
A claim was filed against Limitless LLC on April 5 by a former employee of the company and a notice has been served to the company, a spokesman for the special tribunal's registrar's office said.
Additional details will be provided after Limitless confirms receipt of the notice.
A spokeswoman for Limitless said, "This is a legal dispute and it is inappropriate for us to comment."
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