13.01.2010 - New queries on lenders’ merger
From Thenational.ae: Amlak and Tamweel once controlled more than half of Dubai’s booming mortgage market, but for more than a year the country’s two largest Islamic lenders have been closed to new customers while they crept toward a merger. Now the creation of a judicial panel to hear disputes involving the two lenders and their creditors is expected to clear the way for the tie-up. But the new panel’s precise legal remit has not been made public and lawyers fear it may be usurping a function better provided by the country’s court system........................................Full Article: Source
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