Mohammed bin Rashid issues Decree on Dubai World and its Subsidiaries

Published date20 May 2022
Publication titleLETA

In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued a decree dissolving the "Tribunal to Decide the Disputes Related to the Settlement of the Financial Position of Dubai World and its Subsidiaries".

According to Decree No. (20) of 2022, the Tribunal formed pursuant to Decree No. (57) of 2009 will be dissolved, and all cases and claims related to the financial settlement of Dubai World and its subsidiaries filed after this Decree comes into effect will be referred to specialised courts.

The new Decree stated...

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