Dubai ruler dissolves Dubai World financial disputes tribunal

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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)