Monday, 16 November 2015

DIFC Courts: Question of judgement and jurisdiction a key concern | The National

DIFC Courts: Question of judgement and jurisdiction a key concern | The National:

"Companies and individuals in the UAE have traditionally had little to fear from the English commercial courts and the prospect of British bailiffs coming after their assets in the UAE.

If a judge in London decides you owe Dh100 million to, for example, your ex-business partner, said ex-business partner is unlikely to be able to get his or her hands on your luxury yacht moored in Dubai Marina.

No reciprocal treaty exists between the UAE and the United Kingdom for the automatic recognition and enforcement of each other’s commercial court judgements, meaning your ex-business partner will have to try his or her luck pleading his case before the local courts."



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