DIFC

Jeffrey Bacon has just returned from Dubai where he appeared leading Bushra Ahmed of chambers in a trial in the DIFC Courts.

Jeffrey and Bushra represented an investor who had paid a substantial sum towards the purchase of a commercial property  from Damac (one of the the state backed construction companies) only for Damac to purport to cancel the agreement and retain all deposit and stage payment monies.   The legal issues involved were as to whether there was a binding contract, whether stage payments were triggered at all, the proper construction of a Reservation Agreement and various Waiver and Release contracts (relating to other property developments), whether Damac ultimately had the right to terminate and whether Jeffrey’s client had a claim in restitution.   Judgment has been reserved.

Jeffrey and Bushra were instructed by KBH Kaanuun