Cooperation between DIFC Courts and Emirates Auction to organize asset liquidation and the sale of seized items

The agreement was signed between the DIFC Courts, and Emirates Auction, a leading company in managing both public and online auctions in the Middle East. The primary aim is to bolster cooperation in organizing asset liquidation projects and the sale of seized items, thereby aiding in the implementation of court rulings.

Judge Omar Al Muhairi, Deputy Chief Justice of the DIFC Courts, said, “We have a long-standing relationship with Emirates Auction, and this cooperation agreement will contribute to increased efficiency and smooth processes for court users. It will also enhance the courts’ standing and reputation as one of the world’s leading commercial courts, by maintaining the highest standards of service as part of our ongoing initiatives.”

Meanwhile, Abdullah Matar Al Mannaei, Chairman of the Board of Directors at Emirates Auction, stated, “We are collaborating with the DIFC Courts to leverage our expertise, strengthened by their judicial leadership, excellence, and service efficiency, particularly in resolving complex, cross-border disputes. They possess the necessary competencies and expertise to offer comprehensive guidance to partners, drawing on an elite group of internationally experienced judges across all areas of business and finance.”

He noted that Emirates Auction will invest its expertise and experience to expedite and simplify public auction procedures through various methods and mechanisms, employing the latest systems and innovative techniques that meet the highest standards of security and user-friendliness.

This article has been translated and is not the original content.