UAE Update – June 2022

The UAE legal proceedings are continuing, but at a hugely frustrating pace.

Our lawyers were due in court in May but this was delayed due to the unscheduled national days of mourning following the death of the President of the UAE. The court was rescheduled for 13th June, but now the court judges have asked for another delay as the judges were not ready and we are rescheduled again for August.

The whole process is hugely frustrating and expensive, though our lawyers are still pushing to get the proceedings concluded.

As you may recall the companies have already been told that they need to repay the monies, and this was an action against a person for his actions outside of the companies.

When we get any additional information, we will update you.