Dubai ruler dissolves Dubai World financial disputes tribunal


Reuters | Dubai | Updated: 20-05-2022 13:27 IST | Created: 20-05-2022 13:25 IST
Dubai ruler dissolves Dubai World financial disputes tribunal
Sheikh Mohammed bin Rashid Al Maktoum Image Credit: Wikipedia
  • Country:
  • 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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