2.3 billion dirhams, the total value of the execution claims

The Dubai International Financial Courts strengthen its position as the “first choice” to settle disputes

DIFC Courts registered 747 cases in all circuits during 2021. Archive

The Dubai International Financial Center courts revealed their annual figures for the year 2021, with a total of 747 cases in all departments, at a time when their reputation as a safe haven in the region for settling disputes is increasing, as the global nature of the increasing cases is a clear indication that international companies that have interests in the Middle East The Middle East now considers the Dubai International Financial Center courts its first choice for dispute resolution.

And it stated in a statement that the Court of First Instance recorded 147 cases, while the total value of the total cases amounted to 3.8 billion dirhams, and an average of 46.7 million dirhams per case, and this includes the Department of Technology and Construction, and the Arbitration Department.

She stressed that the court registry enhances the confidence of entrepreneurs through enforceable rulings, as the total value of enforcement claims reached 2.3 billion dirhams in 2021, an annual increase of 108%, in addition to the registration of 239 executive cases.

The cases before the Court of First Instance covered a number of sectors, including: banking and financial services, construction, technology, and real estate.

It included disputes related to breach of contract, insolvency, arbitration agreements, employment, and public international law.

The DIFC Courts noted that 50% of the cases in the Court of First Instance were issued in 2021 by parties who chose to use the Center's courts as a party to resolve their disputes.

In turn, the Small Claims Court registered 361 cases, with 65% of cases issued by parties who chose to use the center's courts as a body to resolve their disputes.

Cases resulting from breach of contracts represented 62% of the total cases in 2021, followed by employment (22%), property and rents (13%), and banking and finance (3%).

The DIFC Courts pointed out that when referring to the increasing popularity of the Small Claims Court in settling disputes related to small and medium-sized enterprises, the total value of claims registered in 2021 reached 36.9 million dirhams, with an average of 106,000 dirhams per case. .

• The cases before the Court of First Instance covered a number of sectors, most notably: banking and financial services, construction, technology, and real estate.

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