Challenge: Securing Payment in a Multi-Jurisdictional Trade Dispute
A major trading organization in the UAE faced significant financial risk when a European distributor breached a supply agreement and refused to pay for a large consignment valued at AED 50 Million. The complications were: conflicting clauses on the jurisdiction for contractual freezing, assets frozen in two international markets, and the need to balance the commercial laws in the UAE and the EU member state. The client approached our law firm requesting a legal consultation and legal advice on the case with an experienced lawyer in Dubai.
Our Strategy
- Immediate Asset Protection: We immediately implemented precautionary measures in both jurisdictions to prevent the debtor from ordering the liquidation of his assets, and our professional legal team provided quality legal services.
- Jurisdiction: We were able to enforce the contract’s jurisdiction in the UAE courts, proving that the essential contractual terms and financial damages occurred within the Emirates, which made the litigation process in our case, with the help of the best lawyer in Dubai, much easier.
- Bilingual Litigation and Expert Testimony: Our cross-border team has handled the translation and presentation of complex business documents, enlisted expert witnesses to estimate damages in accordance with both common law and civil law principles, and provided legal guidance and legal advice at any stage of the proceedings.
Strategic Negotiation: To the same degree as the litigation process, we approached the distributor’s main bank, which led to the willingness to reach an agreement to end a protracted legal dispute through effective legal consultation.
Outcome
Suhaila Al Marzooqi Advocates & Legal Consultants successfully settled the case and recovered 95 per cent of the pending AED 50 Million within eight months of being hired. This outcome avoided years of complex international arbitration, reduced the legal expenses the client had to incur, and restored their financial stability, thanks to a reputable law firm and quality lawyers in Dubai.
Key takeaway: The fact that we can organize litigation and enforcement across a variety of legal jurisdictions means that the financial security of our clients is guaranteed, no matter where their debtors are located, with the best lawyers in Dubai providing them with quality legal services.
