The following judgment rendered by the court of first instance of Dubai gives us an insight to this modern legal approach and its reasoning and justifications.

BACKGROUND

The case concerned a businessman that owned a credit facility company which had an agreement with a well known Bank to act as its agent abroad to grant credit facilities. Such bank is a joint stock company incorporated in the Emirate of Dubai in which the government contributes with 30% of its capital.

That previously mentioned businessman conspired with others to defraud the bank by establishing a number of companies and forging false documents and invoices of bogus transactions to present them to the bank as though they were genuine operations requiring finance.