Dubai sets up two new courts to deal with financial disputes

Gulf Today, Staff Reporter

In line with the directives of Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Head of the Securities and Exchange Highercommittee, Dubai Courts has announced the formation of 2 new courts within its Commercial Court to expedite the resolution of disputes related to securities.

The new courts will focus on dispute resolution in securities, shares, bonds, and other such financial instruments.

This launch of the initiative is designed to reinforce mechanisms to ensure the speedy delivery of justice in the financial sector and help Dubai’s judicial system further raise its stature in the global commercial judicial community.