VP dissolves tribunal for settlement of cheque disputes
- 14 Mar 2021
In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed Bin Rashid Al Maktoum issued Decree No. (11) of 2021 dissolving the Special Tribunal for the Settlement of Cheque Disputes relating to Real Estate Transactions formed pursuant to Decree No. (56) of 2009.
Pursuant to the decree, all complaints, claims, lawsuits and appeals being reviewed by the Special Tribunal that have not received a final judgement, will be referred to the concerned judicial entity.
The decree is active from its date of issuance and will be published in the Official Gazette.
Recently, in his capacity as Ruler of Dubai, Sheikh Mohammed issued Decree No. (33) of 2020 on the special committee for unfinished and cancelled real estate projects in Dubai, formed pursuant to Decree No. (21) of 2013.
Pursuant to Decree No. (33) of 2020, the name of the special committee for unfinished and cancelled real estate projects in Dubai has been changed to the Special Tribunal for Liquidation of Cancelled Real Property Projects in the emirate of Dubai and Settlement of Related Rights.
The new name will substitute the previous name of the Committee in all the legislations applied in Dubai.
According to the Decree, the Chairman of the Dubai Judicial Council will appoint the chairman and members of the new Special Tribunal, define the frameworks for its meetings and decision making and judicial processes.
The Decree authorises the Tribunal to review and settle all disputes, grievances and complaints for which the previous committee did not issue final decisions or judgements. The Tribunal will also review and settle disputes and complaints arising from unfinished, cancelled or liquidated real estate projects.
The Tribunal is also tasked with the settlement of disputes related to unfinished real estate projects that have been cancelled pursuant to Law No. (13) of 2008 and thereafter referred to the previous Committee by the Real Estate Regulatory Agency (RERA).
WAM
