DUBAI, United Arab Emirates, Oct. 13, 2021 /PRNewswire/ -- Nissan Motor Co. Ltd. and Nissan Middle East have been charged to pay in excess of AED 1.3 billion (including interest) to the Partner "Al Dahana FZCO" in a landmark ruling in the case filed by the latter.
The case, first filed in 4th July, 2019, sought
Following the review of presented evidence and provisions of the law, on 4th October, 2021, the Dubai Court of Urgent Matters issued a precautionary attachment order over goods and moveables, bank accounts and balances of the two companies and valued the debt owed by them to be approx AED 1.3 Billion including interest.
Speaking about the landmark ruling, Mr. Nasser Watar – CEO for Al Dahana Group said, "Al Dahana is extremely happy with the court's verdict and would like to thank Dubai Courts for their impartial and just ruling. We feel heard, and believe this will pave the way for other regional companies to seek justice as well."