To strengthen the Dubai judicial system and support its competitiveness
Dubai Courts establishes specialized judicial departments to settle securities disputes
Dubai Courts continues to employ smart and innovative solutions, tools and technical media in the work system.
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Dubai Courts, represented by the Commercial Court, announced the creation of specialized judicial departments - under the name "Securities Disputes Department" - to settle disputes related to shares, bonds or other securities, in order to strengthen the judicial system and support its competitiveness to occupy a prominent position among the best global commercial judicial systems And achieving prompt justice in line with the developments witnessed by the Emirate of Dubai in all fields, and within the framework of the directives of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance and Chairman of the Dubai Judicial Council, to form a law enforcement committee for financial markets in Dubai and to form two departments Within the Commercial Court for the speedy settlement of securities disputes.
Director General of Dubai Courts Tarish Eid Al-Mansoori said that the establishment of judicial departments specialized in securities disputes embodies the commitment and keenness of the Emirate of Dubai to support the trend towards specialization in judicial work, to raise the level of performance and achieve leadership and excellence, and to create a judicial system characterized by accuracy and speed in settling disputes between Litigants, in a way that guarantees their rights and contributes to enhancing investor confidence.
This comes in response to the approval of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, a package of decisions aimed at supporting Dubai's preparations to enter a new development phase characterized by unprecedented achievements.
For his part, the President of the Commercial Court of the Dubai Courts, Judge Khaled Obaid Al-Mansoori, explained that the creation of specialized judicial departments in securities disputes serves the development of the procedures for adjudicating these disputes in a way that reflects the efforts of the Dubai Courts in working to speed up their settlement with an emphasis on the quality of performance. It contributes to enhancing the participants' confidence in the financial market in support of its growth and prosperity and enhancing the protection of investors.
Al Mansouri said that “the commercial courts’ allocation of departments specialized in securities disputes, and their reliance on remote litigation systems, is a pioneering step that enhances the capabilities of the courts to become fully digital in order to achieve the concept of digital justice completed to keep pace with the pace of digital transformation that characterizes the comprehensive development movement in Dubai, by relying on On an interactive technical system, it works easily and conveniently and is suitable for all users, including judges, lawyers, experts and dealers. It is an interactive and integrated smart electronic system that works easily around the clock.”
He added: “This includes all stages of the lawsuit, starting from submitting the request, attaching supporting documents, reports, electronic signature, verifying the identity of users electronically, and ending with holding investigation sessions and deliberating lawsuits remotely, and the internal procedures that permeate the progress of the lawsuit, in addition to establishing programs Remote cases and judgments management, which enables judges and relevant departments to follow up on the progress of cases, issue judgments and implement them electronically around the clock, by limiting the persons authorized to enter the information system, registering cases and reviewing them by judges, court employees, lawyers, experts, and other persons who They have a connection to the case, in order to prevent the unauthorized from accessing the data and documents of the case without permission.”
Al Mansouri stressed that Dubai Courts continues to employ smart and innovative solutions, tools and technical media in the work system, and encourage customers to use smart channels and applications, which enable them to complete all their transactions at any time and from anywhere, in a manner that saves effort and preserves the environment.
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