Home Markets Dubai forms two specialised courts to settle financial market disputes

Dubai forms two specialised courts to settle financial market disputes

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Dubai Courts will form a law enforcement committee for the emirate’s financial markets and establish two new courts within its Commercial Court to expedite the resolution of disputes related to securities.

The new courts will focus on dispute resolution in securities, shares, bonds and other financial instruments, the Dubai Media Office said in a statement on Saturday.

The move aims to ensure the speedy delivery of justice in the financial sector and raise the judicial system’s stature in the global commercial judicial community, the statement added.

The formation of the new courts supports the directives of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, to introduce new initiatives to assist the emirate’s efforts to achieve greater success and excellence in a new phase of growth, Taresh Al Mansouri, director general of Dubai Courts, said.

The new courts will feature a remote litigation system with interactive technology that can be…

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