Dubai Law·61 of 2009
Law ID
dubai-decree-2009-61
Plain-language summary
Establishes a Special Tribunal with three judges to hear claims against Amlak Finance PJSC, Tamweel PJSC, and their subsidiaries.
Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team
Article-level text
7 articles
1
Article (1) A Special Tribunal (the “Tribunal”) is hereby formed, and will be comprised of: 1. Judge Mohammed Khamis Bassiouni, as president; 2. Judge Jihad Mohammed Khasawneh, as member; and 3. Judge Abdullateef Mohammed Al-Ulama, as member.
2
Article (2) The Tribunal will have jurisdiction to: a. hear and determine all applications or claims filed against: 1. Amlak Finance PJSC, Tamweel PJSC, or any of their subsidiaries (this includes dissolution and liquidation applications); and 2. any person involved in the settlement of the financial position of Amlak Finance PJSC or Tamweel PJSC, including their chairmen, directors, and employees; and b. issue interim and interlocutory orders and awards. This includes obliging or prohibiting a specific performance, or taking any other action the Tribunal deems fit. The Tribunal may seek the assistance of experts and specialists, as it deems appropriate, in respect of the matters referred to it. ©2015 The Supreme Legislation Committee in the Emirate of Dubai 1Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict the Arabic text shall prevail.
-- 1 of 2 --
Decree No. (61) of 2009 Forming a Special Tribunal to Determine the Disputes Related to Amlak Finance PJSC and Tamweel PJSC Page 2 of 2
3
Article (3) Dubai Courts must not hear or determine any application or claim that falls within the jurisdiction of the Tribunal as prescribed by this Decree. Dubai Courts must cease to hear the applications and claims referred to it before the effective date of this Decree, and must refer the same to the Tribunal.
4
Article (4) The Tribunal will issue awards in the name of the Ruler of Dubai unanimously or by majority vote of its members.
5
Article (5) The awards issued by the Tribunal will be definitive, irrevocable, and not appealable by any means. Tribunal awards will be enforced by the Execution Department of Dubai Courts.
6
Article (6) Subject to the provisions of this Decree, the Tribunal will exercise its powers in accordance with: 1. the laws in force in the Emirate of Dubai; 2. Islamic Sharia; 3. custom, unless it contradicts the law, public order, or public morals; and 4. principles of natural justice, fairness, and equity.
7
Article (7) This Decree comes into force on the day on which it is issued, and will be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 27 December 2009 Corresponding to 10 Muharram 1431 A.H.
-- 2 of 2 --
Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.
Plain-English answers, with a citation back to the exact article. Free to use, no sign-up.
LEXAI provides general legal information, not legal advice. For your specific case, speak to a licensed UAE lawyer.
Related guides
Editorial articles that explain how this area of law applies to common situations.
Related laws
Other UAE legislation in this category. Cross-reference before citing the law.
Keep reading
