DIFC Courts sees cases with Dh15 billion in claims value in first six months of 2023 | Business – Gulf News
The Dubai International Financial Centre (DIFC) Courts released its figures for the first six months of 2023 on Monday, reflecting a surge in the overall value of claims.
The value of cases across all divisions recorded a 692 per cent increase in the first half of 2023, compared with the first six months of 2022, with a total value of Dh15 billion across 455 cases filed.
In the main Court of First Instance (CFI), 52 cases were filed, with the total value of Dh14.9 billion and an average case value of Dh427.2 million. Cases within the Arbitration Division under the CFI also recorded a significant increase in the first six months of 2023, with a total value of Dh12.9 billion and an average claim value of Dh1.6 billion.
Justice Omar Al Mheiri, Director, DIFC Courts, said: “The DIFC Courts is currently operating on a new roadmap for the years 2022-2024, which includes a strategic work plan that brings more national cohesion to the courts’ projects and initiatives in line with the “D33’ economic agenda and the Dubai Digital Strategy. This in turn is providing effective support for the federal and local strategic goals and the centre’s goals. The surge in uptake of the DIFC Courts’ public services in the first six months of 2023 reflects the growing awareness of, and trust in, our expertise, efficiency, and ease of process. Powered by the most cutting-edge digital infrastructure, it is our expectation that more domestic and international businesses will continue to look to the DIFC Courts for future certainty and expedient resolution.”
No comments:
Post a Comment