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New panel to address Amlak, Tamweel disputes
- United Arab Emirates: Thursday, December 31 - 2009 at 09:24
The ruler of Dubai has announced the setting up a judicial committee to protect the creditors of mortgage lenders Amlak and Tamweel, Reuters has reported. The committee 'will be the only judicial body ... with the right to review all requests and legal claims related to settling the financial issues of the two companies,' a statement from the ruler's office said. Amlak and Tamweel separately welcomed the move, saying it would help the merger plans and protect the interests of stakeholders.
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StaffThursday, December 31 - 2009 at 09:24 UAE local time (GMT+4)
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