Car Parks Update - July 2020

You may be aware that a pre-cursor for the progress in respect of claiming back funds under a civil action in the UAE was the conclusion of a criminal case. The legal advisors who have been observing this prosecution have now contacted us to confirm that whilst the criminal case is now almost certainly moving to a Cassation Court, they are happy to advance the civil action and are taking immediate steps to progress that now. They also believe that some of the facts revealed through the criminal case so far have revealed information that will be extremely valuable in pursuing the civil action.

The legal team continue to inform us that they remain confident of a positive result in the UAE, leading to retrieval of funds from the recovery of pledged/secured properties and additional compensation.

We expect to get more information from the public prosecutor and the Dubai courts in the near future and will update all parties accordingly.