Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle
[vc_row][vc_column][vc_single_image image="31353" img_size="full" alignment="center"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]A London based Russian billionaire, Mr. Farkhad Akhmedov was ordered to pay £453m to his former wife Ms. Tatiana Akhmedova, following a London divorce court battle. Mr.Akhmedov, the Oil & Gas tycoon…
Judicial Tribunal rejects DIFC Court jurisdiction
[vc_row][vc_column][vc_column_text]In a noteworthy first decision, the Judicial Tribunal for the Dubai Court and DIFC Court (JT), established to decide conflicts of jurisdiction between the two courts, has ruled on 27 January 2017 that Daman Real Capital…
From Flags to Finance
As a Civil law jurisdiction, UAE maritime law is derived from the UAE's Maritime Code (or specifically Federal Law No. 26/1981) but all maritime financial transactions are governed by the Commercial and Civil Codes. The…