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Model release available | German investor Dr. Lothar Hardt: ASIA, UNITED ARAB EMIRATES, EMIRATE DUBAI, DUBAI, 09.02.2010. The German investor is suing Damac Properties for alleged breach of contract in what could be the largest lawsuit taken by an individual against a Dubai developer. Lothar Hardt has filed his case against one of the region’s biggest developers and four of its executives at the Dubai International Financial Centre Courts. The DIFC courts follows English common law and, unlike the main Dubai courts system, allows foreign lawyers to represent clients and cases to be heard in English. Mr. Hardt is one of Damac’s “VIP investors”. Here he stands at Business Bay in central Dubai, where he made an off-plan investment into the Water’s Edge project - which until this day has not yet materialized.
- copyrighted by Martin von den Driesch
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