DCC 135/2009

The original dispute involved a number of Islamic Finance arrangements with a bank in order to finance construction of some properties and non-payment of those involved in the project. Key issues included looking at conditions in the contract and whether it was possible for an error in the judgment to be corrected.

Background

A Respondent - a company - filed the action No127/2008 against the Appellant demanding that they pay 8,557,247 AED with 12% default interest for a building entitlement as of 14/05/2001 and for an industrial building as of 18/03/2007.