Tuesday, 10 January 2012

Ex-Nakheel CEO sees court verdict pushed to Jan 24 | ConstructionWeekOnline.com

A Dubai tribunal on Monday delayed its verdict in a $3.7m legal battle between state-owned developer Nakheel and its former CEO.

Chris O’Donnell will now have to wait until Jan 24 to learn whether his attempt to sue the developer behind Dubai’s palm-shaped islands for breach of contract has been successful.

The former CEO of Nakheel is claiming $3m in two overdue long-term incentive payments, alongside sums related to damages, currency fluctuations and interest.

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