Monday, 28 October 2013

Sky Gardens property lawsuit in Dubai starts trial at DIFC Courts | The National

Sky Gardens property lawsuit in Dubai starts trial at DIFC Courts | The National:

"The lawsuit over the sale of Sky Gardens, one of the most notorious disputes arising from Dubai’s property crash in 2008, finally comes to trial today.

The education provider Taaleem, which brought the case against one of its shareholders, the Dubai-based investment firm National Bonds Corporation (NBC), and Deyaar Development, will be heard at the DIFC Courts.

The case concerns a series of transactions between 2008 and 2009 involving the luxury residential complex in the DIFC.

The Courts have scheduled nine days for the trial, the longest period assigned since they began operating in 2006."

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