Experience the future of comfort and convenience with innovative smart furniture, elevating your lifestyle through seamless integration of technology and design
business technology review2 hours ago
Following a Default Judgment of the DIFC Court on 14 April 2011 against Damac and the subsequent rejection of Damac’s challenge to that Judgment on 21 June 2011, Damac were required to make immediate payment of the judgment sum of Dh1,781,009.01 together with judgment interest on that amount. Damac were also ordered to make payment of indemnity costs of Dh200,000 by 5 July 2011. The interim charging order is the result of Damac’s failure to honour that judgment.
Noel Gaffney, the claimant in the proceedings, said: “It is disappointing, but not surprising given Damac’s track record, that despite the clear verdict of the Court, Damac continues to drag its feet in making payment of the money rightfully due back to us.”
KBH Kaanuun is a boutique corporate/commercial law firm based in the Dubai International Financial Centre in the UAE and registered by the Dubai Financial Services Authority, with offices in Dubai, Kuwait and Bahrain. As a full-service firm, their expertise spreads across a broad span of business disciplines and major industries, including real estate, M&A restructuring, joint ventures and corporate and commercial matters.
They also specialise in commercial dispute resolution, covering litigation, mediation and arbitration and advises on UAE, Dubai, DIFC, Kuwaiti, Bahraini and English law.
Experience the future of comfort and convenience with innovative smart furniture, elevating your lifestyle through seamless integration of technology and design
business technology review2 hours ago
The device is equipped solely with an AI-powered personal assistant tasked with carrying out a multitude of practical tasks
business technology review2 hours ago
Jayden John Jacob unveils the world's first free mental health app exclusively for men
business technology review2 hours ago
Astra Nova is incubated by the Hashgraph Association & Gotbit, positioning it as the flagship game of the GCC region
kt network2 hours ago
Innovation is also playing a crucial role in shaping the off-plan landscape
kt network3 hours ago
Schools continued distance learning during the rains and in the aftermath of flooding to safeguard the well-being of students, staff
education4 hours ago
Watch as he descends from the sky, parachuting straight into the heart of the action
uae attractions4 hours ago
This trend can be mainly attributed to factors like the growing presence of high net-worth individuals and the UAE’s removal from the FATF’s grey list
realty4 hours ago