Will the Dubai World Special Tribunal Retain Jurisdiction over Nakheel?
Type
E-journal
Date
12 Jul 2011
Jurisdiction
United Arab Emirates, Dubai
Taxonomy
Civil Courts, Jurisdiction & Choice of Law, Companies & Corporate Bodies
Copyright
LexisNexis
Relevant company
Hadef & Partners
Legal reference
Dubai Decree No. 57/2009, Dubai Decree No. 11/2010
Analysis
Adrian Chadwick briefs us on the uncertainty of the Special Tribunal's jurisdiction over claims brought by or against Nakheel and its subsidiaries once it is carved out of Dubai World
In Brief:
The Special Tribunal was granted jurisdiction in relation to disputes brought against or by Dubai world and its subsidiaries.
It is questionable whether the Special Tribunal will still retain jurisdiction for claims related to Nakheel, which will soon no longer be a Dubai World subsidiary.
In light of this predicament, there are various jurisdictional possibilities that should be considered.