By Evan Abrams
Earlier this month, The Dubai International Financial Centre
ruled a Swiss Bank had inappropriately sold $200 million in financial products
to a prominent Kuwaiti family. The ruling is notable largely because it is one
of the first instances of the Dubai financial court system flexing its muscle.
As GulfNews.Com
reports such disputes have traditionally been handled by courts in Europe or
the United States. However, the article is quick to point out that significant
hurdles exist before the court can be considered a true hub for financial
disputes.
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