Dubai International Financial Centre Courts Resolve Major Commercial Disputes Involving 'Sharks and Whales'

Dubai International Financial Centre Courts resolve major commercial disputes involving 'sharks and whales'

Dubai: The Dubai International Financial Centre (DIFC) Courts have considered a large number of complex commercial and financial disputes, including a recently heard case in which the value of claims exceeded Dh4 billion, and another that ended with the annulment of a personal loan agreement that included a huge interest rate of 16% per month, as part of their handling of what the Vice President of the Courts, Judge Ali Shams Al Madhani, describ…

Penang CM hopes to get federal govt approval for International Financial Centre proposal

GEORGE TOWN (Aug 20): Penang hopes that its proposal to establish the Penang International Financial Centre (PIFC) will receive the federal governmen...