DCC 277/2001
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
Lending & Security, Limitation of Actions
Copyright
LexisNexis
Decision date
11 Nov 2001
Catchwords
Lending – Time Bar – Interest – Expert Report Reasoning – No Interest Agreement
This case involved interest on a bank loan. It was possible to charge interest which exceeded the loan. If parties did not specifically agree interest terms a default approach was used. Interest charges were not time barred and an expert would have to provide reasoning in their report if it contradicted court documents.
Background