The Commercial Court of the Abu Dhabi Judicial Department (ADJD) has decided in a commercial dispute worth AED 52 million over the implementation of a Murabaha sale contract between an international holding company and a bank, in a record time not exceeding 12 days from the date of filing the lawsuit in a single session.
The Undersecretary of the Abu Dhabi Judicial Department, Yousef Saeed Al-Abri, said that the judiciary is the most important and strategic goals that the department is working to achieve in line with the vision of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs This strengthens the competitive environment in the Emirate of Abu Dhabi and enhances its leadership role in the Contract Enforcement Index and the efficiency of the judicial system according to World Bank indicators.
He said that the decision to establish the Abu Dhabi Commercial Court has paid dividends. Since its inception less than two months ago, the Court has issued 1500 judicial rulings in commercial cases, as well as adjudicated 420 commercial performance orders, noting that the performance orders were decided within less than a week of registration. This is a qualitative leap that reflects the quality of the content of the judicial work and the reduction of the period of adjudication of the dispute, which lasted approximately 180 days by an average of 8 sessions. Transactions or completion of issues.
Al-Abri explained that these judgments are a positive indicator that indicates what Abu Dhabi has reached as an attractive environment for investment, while the Judicial Department is working to provide a modern judicial platform for the settlement of commercial disputes quickly and sophisticated through the use of the latest modern techniques in litigation such as models. Model Provisions, Smart Case Newspapers Forms and Remote Presence in Case Preparation and Other Initiatives.
He added that the court is currently re-engineering litigation procedures, in order to simplify and facilitate it in proportion to the speed of capital movement and the flexibility of commercial transactions, as it aims to play unconventional roles in achieving economic stability and help resolve commercial disputes without harming the activity. The Abu Dhabi Commercial Court is the only one in the Middle East that allows foreigners the right to receive the entire case file in English. It is also the first to establish the Department of Foreign Experts by appointing foreign judges in a first precedent in the region. Ge.