court orders nakheel to pay 3m to exceo
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Court orders Nakheel to pay $3m to ex-CEO

Arab Today, arab today

Arab Today, arab today Court orders Nakheel to pay $3m to ex-CEO

Dubai - Arabstoday

Nakheel will be forced to pay its former CEO more than US$3 million after a court ruling against the Dubai developer in a high-profile breach of contract case. Chris O’Donnell, who sued Nakheel in the specially-established court last year after stepping down as CEO in 2011, said in a statement following the verdict that while he was pleased with the decision, he was disappointed that the case had been necessary. “Whilst I have been entirely vindicated by the Dubai World Tribunal, I am naturally disappointed that, despite my best efforts at compromise the matter was not able to be resolved amicably”Chris O’Donnell, ex-CEO Nakheel “Whilst I have been entirely vindicated by the Dubai World Tribunal, I am naturally disappointed that, despite my best efforts at compromise the matter was not able to be resolved amicably without the need to take costly legal proceedings that vented Nakheel’s internal business in a public forum,” he said. “I look forward to an ongoing relationship with Dubai and the region in general,” he added. In a statement following the ruling, Nakheel’s lawyers said the firm maintained its position that the case should not have been heard by the DWT, and should have been heard in federal court. “The Dubai World Tribunal is a court of Dubai. Its judges, like their colleagues sitting by the Dubai Creek, must administer UAE law as applied in Dubai, respecting the roles of the federal institutions, such as the Ministry of Labour, as allocated by the federal laws of the union. “It is our client’s position that the federal law prescribes that Mr O’Donnell’s claim should have been brought to the Ministry of Labour… This is a view that is held by the Ministry of Labour.” It is the second time in as many days that the DWT has ruled against Nakheel, following the court’s decision yesterday to award a contractor almost AED60 million for work carried out on a project in Discovery Gardens that was later shelved. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

court orders nakheel to pay 3m to exceo court orders nakheel to pay 3m to exceo

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

court orders nakheel to pay 3m to exceo court orders nakheel to pay 3m to exceo

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday