UAE: DIFC Courts settle over 860 cases with total value of Dh4.4 billion in 2022

UAE: DIFC Courts settle over 860 cases with total value of Dh4.4 billion in 2022

Main Court of First Instance recorded 121 cases, with a total case value of Dh4.4 billion, marking a year-on-year increase of 16%

By Web Desk Published: Thu 9 Feb 2023, 9:47 PM

The Dubai International Financial Centre (DIFC) Courts today released its annual figures for the full year of 2022, with total a volume of 861 cases across all divisions, a 15% increase from 2021.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), affirmed that the DIFC Courts strategy is inspired by the vision of Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai to set new standards in settling judicial disputes and consolidate our global financial position according to Agenda D33.

His Highness also added: “We are committed to the continuous development of the DIFC Courts in a way that enhances the operational environment and the legal and regulatory frameworks that ensure providing the best level of services to major international financial companies. We are working to align the Courts' strategy with the objectives of the Dubai Economic Agenda (D33) in