Does Legislation Operate Retrospectively?

Analysis

Claim:

This judgment of the Court of Appeal arose from four appeals. The facts are that the First Respondent (as he was known in all four appeals) brought Abu Dhabi Commercial Action No. 41-2010 (Full Bench) against the Appellants seeking judgment against them jointly for AED 231 million, which the First Respondent alleged represented compensation for loss of anticipated profits, in addition to AED 15 million in compensation for moral damages. Statutory interest at the rate of 12% from the date of filing of proceedings until full payment was also requested.