Chris O’Donnell statement in full

Chris O’Donnell, former CEO of Nakheel, has won his $3.7m legal battle.

Read Nakheel's statement to the press here.

Read Chris O'Donnell's  full statement to the press below.

“I am very pleased to have had the matter resolved and my claim upheld.

“Whilst I have been entirely vindicated by the Dubai World Tribunal, I am naturally disappointed that, despite my best efforts at compromise the matter was not able to be resolved amicably without the need to take costly legal proceedings that vented Nakheel’s internal business in a public forum.

“I believe Dubai will continue to prosper as the region’s financial and business hub and under the guidance of His Highness Sheikh Mohammed Bin Rashid Al Maktoum it will continue to be a major growth driver for the region.

“I look forward to an ongoing relationship with Dubai and the region in general.”

Mr. O’Donnell further commented that the outcome, which was entirely in accordance with the facts of the case once again illustrated the quality of the process and personnel of the DIFC Courts.

“The DIFC Courts are now firmly established as an integral part of the dispute resolution system of Dubai which will further reinforce Dubai as a principal commercial center of the Middle East.”

Mr. O’Donnell expressed his thanks to family and friends for their support, and to Davidson & Co who represented Mr. O’Donnell before the Tribunal.