Hadef in the Courts: The concept of novation of a debt
Salih Ahnaish, Partner, Head of the Dispute Resolution Department in Abu Dhabi, was recently successful in acting for a bank (the Lender) in a ground breaking and complex case worth approximately AED 420 million and concerning, amongst other issues, the concept of novation of a debt, which is relatively untested before the UAE courts.
Salih Ahnaish