Dubai establishes two new courts for securities-related disputes

Dubai Courts today announced the formation of a law enforcement committee for Dubai’s financial markets and the establishment of two new courts within its Commercial Court.

This is in line with the directives of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and Chairman of the Dubai Judicial Council.

The new courts will expedite the resolution of disputes related to securities, shares, bonds, and other such financial instruments.

This launch of the initiative is designed to reinforce mechanisms to ensure the speedy delivery of justice in the financial sector and help Dubai’s judicial system further raise its stature in the global commercial judicial community.

His Excellency Khalid Obeid Al Mansouri, Chief Judge of the Commercial Court at Dubai Courts, said the establishment of the new courts reflects Dubai Courts’ efforts to raise the speed and efficiency of dispute resolution, enhance the protection of investors and participants in the financial market and accelerate the market’s development.

The Chief Judge of the Commercial Court added that the new courts will feature a remote litigation system that supports Dubai Courts’ aim of transforming itself into a smart judicial system.

The Courts will introduce an interactive technology-based system that can be easily used by all parties including judges, advocates, experts and litigants.

Through the online system, judges and relevant departments can also follow up on cases, issue judgments and enforce rulings around the clock.

HE Khalid Obeid Al Mansouri affirmed that Dubai Courts will continue to deploy innovative smart tools and technologies to enhance the judicial process.

Dubai Courts encourage all customers to use smart channels and applications to complete their transactions, anytime and anywhere, thus saving valuable time and effort and avoiding the paperwork.