The fate of millions of dirhams worth of claims involving Nakheel in the Dubai World Tribunal are in limbo after the company's separation from Dubai World.
The tribunal was established in 2009 to handle claims relating to Dubai World and its subsidiaries, including Nakheel, the developer behind Palm Jumeirah and The World, the collection of man-made islands.
But last month Nakheel formally severed ties with Dubai World when it completed a US$16 billion (Dh58.76bn) financial restructuring, leaving the legal community doubtful about the role of the tribunal in Nakheel disputes.
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