Mohammed issues decree on panel assigned to settle Abed Al Boom case

Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, has issued Decree No. 30 for 2013, partially amending Decree No. 34 for 2009, regarding the formation of the Special Judicial Committee assigned to settle the Abed Al Boom financial status.

Article 04 of the new decree states that: “creditors and investors that submit their claims and petitions to the Committee after 31st of December 2013 do not benefit from the settlement; without prejudice to their rights, and they may claim their monies from any further settlements.”

Additionally, the Judicial Committee called all creditors, whether corporate legal or individual legal, that had not submitted their claims and petitions, or those who did not complete their documentation, to submit their claims, petitions and supporting documents to the Committee before 31st of December 2013.

via Mohammed issues decree on panel assigned to settle Abed Al Boom case – Emirates 24/7.

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