The Judicial Committee responsible for disputes in family companies in the Ras Al Khaimah courts issued its first judicial ruling since the decision to establish it last July by a decision of His Highness Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah and Chairman of the Judicial Council.
The committee decided in Application No. 1 of 2024, headed by Judge Tariq Ahmed Abdel Rahman Juma, and the membership of Salem Ali Al-Sharhan and Dr. Ahmed Rashid Al-Shamili, after discussing the legal heirs and their approval of the settlement and reconciliation, to distribute the funds deposited in the company’s account in the bank, each according to his legal share.
Counselor Ahmed Mohammed Al Khatri, President of the Ras Al Khaimah Courts, said that the decision to establish the Family Business Dispute Resolution Committee will contribute significantly to providing an advanced judicial system that supports the economy of the Emirate of Ras Al Khaimah, by achieving prompt justice and preserving the rights of all litigants.
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