A verdict on the breach of contract case brought by former Nakheel CEO Chris O’Donnell against his previous employers is to be decided the week commencing 6 February, Dubai International Financial courts has heard.
O’Donnell is suing ‘The World’ creators at the Dubai World Tribunal for $3m in two overdue long-term incentive payments, alongside sums related to damages, currency fluctuations and interest.
A legal costs hearing was heard at the DIFC courts today between the two warring parties to thrash out the financial details of the Australian’s case, who it was revealed at tribunal earned AED400,000 ($110,000) per month during his five year spell at the helm of Nakheel.
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