Thursday, 9 July 2015

Value of DIFC Courts claims surge 447% in first half | The National

Value of DIFC Courts claims surge 447% in first half | The National:



"DIFC Courts said the value of claims in the first six months of the year surged 447 per cent from the year-earlier period despite a dip in the number of cases registered at its Court of First Instance.



The free zone’s court, which operates on an English common law system, said yesterday that the value of claims stood at Dh2.27 billion.



The figure refers to claims filed in the DIFC’s Court of First Instance, including arbitration-related cases and counter- claims."



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