Dubai: «The Gulf»
Al Dahana Company (a free zone company) said that it had won a claim of “unlawful transfer of profits” against Nissan Motor Company and its subsidiary in the Middle East, and that the compensation amounted to 1.2 billion dirhams.
The company added, in a statement, that Nissan Motor Co., Ltd. and Nissan Middle East were ordered to pay approximately 1.2 billion dirhams to the partner “Al-Dahana” AlDahana FZCO, after the Dubai Court issued a decision to sign a precautionary seizure of the assets of “Nissan Motor”. and “Nissan Middle East” and its bank accounts in the UAE.
The case was filed by “Al Dahana” Company on July 4, 2019, claiming compensation for damages caused to it due to the breaches committed by Nissan Motor and its subsidiary Nissan Middle East with two of the appointed executives of Nissan. .
On September 29, 2021, the Dubai Court of First Instance issued its ruling obligating Nissan and its subsidiary Nissan Middle East to pay approximately 1.2 billion dirhams to the paint company, in addition to interest.
After reviewing the evidence presented and the provisions of the law, the court issued on October 4, 2021 an order to sign a precautionary attachment on the funds, movables, bank accounts and balances of the two companies, in addition to their commercial licenses at the value owed by them in an amount, in addition to an annual legal interest of 5% until full payment.
Nasser Wattar, CEO of Al Dahana Group, said: “The Dahana Company is very happy with the court’s ruling and very grateful for that. It would like to commend the integrity and justice of the Dubai Courts for their impartial and fair ruling. Mr. Nasser Wattar added that we feel that this call for justice has been heard, and we believe that this matter will pave the way for other regional companies that have been denied their right to seek justice as well.
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