The Dubai World Tribunal will not handle any new legal claims involving Nakheel, the developer's top executive says.
"No new cases will be in the tribunal," Ali Rashid Lootah, the chairman of Nakheel, told The National. "We are now back to the original position. Back to the law of the land."
The Government's department of legal affairs has reportedly issued a policy decision removing new Nakheel cases from the tribunal, which was established two years ago to handle disputes involving Dubai World and its subsidiaries.
"No new cases will be in the tribunal," Ali Rashid Lootah, the chairman of Nakheel, told The National. "We are now back to the original position. Back to the law of the land."
The Government's department of legal affairs has reportedly issued a policy decision removing new Nakheel cases from the tribunal, which was established two years ago to handle disputes involving Dubai World and its subsidiaries.
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