Dubai ruler dissolves Dubai World financial disputes tribunal
- United Arab Emirates
Dubai's ruler said on Friday he had dissolved a tribunal hearing disputes related to Dubai World, the state conglomerate that was at the center of Dubai's debt crisis following the global financial crisis more than a decade ago. The tribunal would continue to review pending cases and claims during a transition period, while future claims would be handled by specialized courts, a statement on his website said.
All cases and requests not resolved by Dec. 13 would be referred to specialized courts, said Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum.
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