DIFC Courts sees case values top $2.7bln in 2018

The DIFC Courts has released its annual figures for the full year of 2018, with total a volume of 670 cases across all divisions, revealing a 29 per cent increase year-on-year. The overall value of claims saw a significant increase of 422 per cent over the same period, revealing a surge in growth as well as greater business certainty in the English-language common law courts.

The volume of cases of the main Court of First Instance (CFI) grew substantially in 2018, increasing by 50 per cent year-on-year, signalling strong business confidence in the DIFC Courts.

Cases brought before the CFI covered a range of sectors including banking and finance, construction, real estate and manufacturing which involve disputes related to breach of contract, outstanding payments, wills and probate, and employment. There was also a noticeable increase in the number of opt-in cases in 2018, with over 60 per cent of claims in the CFI originating from parties electing to use the DIFC Courts to resolve their disputes.

Reinforcing the Courts’ record of certainty for business through enforceable judgments, the total value of enforcement claims filed amounted to Dh10.2 billion in 2018, an increase of 197 per cent (2017: Dh3.4 billion). The number of cases increased considerably by 101 per cent with 185 enforcement cases in 2018, rising from 92 cases in the same period in 2017.

The Small Claims Tribunal (SCT) experienced steady growth year-on-year, with its case load increasing by 10 per cent to 399 claims in 2018(2017:363 cases). This growth was driven primarily by breach of contract cases which represented 43 per cent of all SCT cases in 2018, followed by labour and employment (27 per cent). Reinforcing the SCT’s increasing popularity for business trading, the total value of claims increased by 47 per cent in2018, rising from Dh36.2 million to Dh53.3 million.

Zaki Bin Azmi, Chief Justice, DIFC Courts, said: “The DIFC Courts experienced substantial growth in 2018, in both the volume and value of claims brought to the courts. These results reflect the confidence in the DIFC Courts and are testament to the Courts as a jurisdiction of choice in the Middle East and to our creation of an environment which business both domestically and internationally can trust, one in which contracts can be enforced and disputes resolved fairly and swiftly. Our goal for 2019 is to continue to reinforce this certainty and predictability and to deliver a comprehensive suite of public services for the good of the communities we serve.”

2018 was also marked by a commitment to harnessing new technologies in order to drive service and judicial excellence. In February, the DIFC Courts became the first court in the Middle East to introduce a new e-bundling service to allow court documents to be uploaded from anywhere in the world. A landmark taskforce with Smart Dubai was also announced in 2018, the first step towards creating the world’s first Court of the Blockchain at DIFC Courts.

At the end of 2018, the International Consortium for Court Excellence (ICCE) Conference 2018 was held in the UAE for the first time ever and hosted by the DIFC Courts. The forum invited delegates from around the world to discuss the developments taking place in court innovation, service excellence and exploration of future technologies and their legal implications on courts.

Marking over a decade of full operations in 2018, the DIFC Courts expanded its reach by forging partnerships and alliances with leading courts and academic institutions from around the world.

In May, the DIFC Courts signed a unique memorandum with the University of Oxford’s China Centre to pool expertise in order to protect global business along the $5 trillion Belt and Road Initiative (BRI). This partnership was followed by tie ups with both the Hong Kong High Court as well as a special focus on “trans-systemic” law and preparing lawyers and judges to work across the world’s jurisdictions through cooperation with Canada’s McGill University Faculty of Law. - TradeArabia News Service