The Courts of the International Financial Center of Dubai today announced their results for the first half of 2024, which reflect continued growth in the area of resolving English-language legal cases before the region’s top courts. The results also showed an increase in demand for additional support services, such as the digital vault service “Tejoori”, due to the Dubai government’s strong tendency to abandon paper transactions, which increases the demand for secure digital storage of life management documents.
The value of cases in all court departments was 1.05 billion dirhams in the first half of 2024, and the number of filed cases reached 480 cases with a total value of 1.02 billion dirhams, and the average value of a case reached 39.3 million dirhams.
The Director of DIFC Courts, Judge Omar Al Muhairi, said: “After recording record results in 2023, we continue to see increasing demand for core and support services in our courts here in the first half of 2024. We also committed in 2024 to continue the research and development work on mechanisms for new solutions. , an innovative, efficient and cost-effective way to support court users while maintaining judicial excellence through prudent case management and our vastly experienced panel of judges.
He added: “The recent ranking of the UAE among the top ten economies in the list of global competitiveness is testimony to the vitality and dynamism that characterizes our shared economy, as the report specifically mentions the UAE’s outstanding and effective dispute resolution mechanisms. The main pillar of its competitive economic sectors with the Center’s celebration “This year, its In the twentieth anniversary of its establishment, the courts of the Dubai International Financial Center continue to move forward with confidence to allow businesses to flourish and individuals to interact in a stable and predictable environment, supporting the country’s federal and local strategic goals.
Cases in the Court of First Instance covered a variety of sectors, including banking and financial services, real estate, construction, manufacturing, retail, intellectual property, health care, breach of contract disputes, employment and outstanding payments.
The Small Claims Court, which is the first in the region, reached a high operational capacity in the first six months of 2024, with 265 cases filed, and the total value of the claims filed was 27.2 million dirhams. . The average value of the cases brought before the judge was AED 109,000. These claims arose primarily from disputes related to breach of contract, employment, real estate and leases.
As part of a strategy aimed at digital trading and reducing paper transactions, with the aim of increasing efficiency year after year, the statistical results confirmed that the DIFC Courts issued all their orders and judgments in 100% digital form, including 913 orders. In the first six months of 2024, in addition to 85 court rulings at the same time. The Court of First Instance also conducted 96% of hearings remotely, and the percentage of remote hearings reached 100% in the Small Claims Court and 75% in the Court of Appeals in the first half of 2024.
The DIFC Courts, in partnership with the Government of Dubai, launched a will registration service in 2015 to allow US-based non-Muslim investors to transfer their assets and appoint guardians for their children in accordance with their wishes by registering their wills through this service.
In the first half of 2024, the Will Service received 810 requests to register a will, 6% more than in the first half of 2023, and 9 orders to make wills were issued. The number of wills registered through this service since its creation has exceeded 11,000 wills.
Also, the “Tejoori” platform, launched by the Center courts in 2022 as part of its growing ancillary services, saw a more than 20% increase in the number of digital safes registered on it in the first half of 2024. Tejoori” offers a unique platform that functions as a cloud storage, online data vault, supported by a state-of-the-art field data center in the Dubai International Financial Center and a secondary backup data center.
All uploaded Life Management files will be subject to security measures in line with the highest standards of security systems, multi-factor authentication and data encryption, using each person’s key information and ledgers to be stored by an advanced encryption system. Through distributed ledger technology, Tejoori vault ensures that your entire wallet can be transferred to your nominated important parties or your dear friends at the scheduled time.
