Dubai Court rejects investor's Dhs7.4 million compensation claim

The Dubai Civil Court has rejected an investor's claim for compensation exceeding Dhs7.4 million in connection with a previous dispute over the sale of shares in an investment company.

The court ruled that the substantive issues on which the claim was based had already been conclusively decided through final judicial judgments. It also stated that any challenge to the disputed documents should have been raised during the original lawsuit.

According to court records, the investor filed a lawsuit seeking to compel a woman to pay him more than Dhs7.4 million in compensation for material and moral damages. He alleged that a previous judgment had been issued against him based on inaccurate documents submitted by the defendant before various courts, resulting in significant financial losses and reputational harm.

The plaintiff stated that the dispute stemmed from a 2018 agreement involving the sale of shares in an investment company. He claimed that the defendant later filed a lawsuit demanding Dhs5.2 million, asserting that this amount represented the actual value of the shares sold. He further alleged that she relied on minutes of a general assembly meeting and a financial audit contract, presenting different versions of these documents before several courts, which ultimately led to a judgment against him.

In response, the defendant argued that the case was inadmissible because the matter had already been adjudicated, with final judgments issued and upheld at all levels of litigation.

After reviewing the case files and supporting documents, the court confirmed that previous judgments had definitively settled issues relating to the value of the shares, the company's capital, and the associated documents. The court noted that such matters could not be re-litigated, even on the basis of new evidence or arguments.

The court also found that the lawsuit was essentially based on a challenge to the authenticity of documents that had already been disputed in earlier proceedings. Under the law, claims of forgery must be raised during the main lawsuit and cannot be pursued separately after a final judgment has been issued.

Accordingly, the court dismissed the lawsuit and ordered the plaintiff to bear the legal costs and expenses.