The number of new cases in the Dubai World Tribunal is on course to more than double this year following the first significant rulings for the young judicial body.
As of yesterday, a total of 41 claims had been lodged in the Tribunal, a body set up two years ago to hear cases brought by and against Dubai World as it underwent a restructuring. Just 29 cases were filed last year.
'There is a bit more confidence in the system and in the process, and people who were holding back are pursuing because they see results,' said Kaashif Basit, a partner at KBH Kaanuun in Dubai who has been involved in numerous Tribunal cases.
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