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Nakheel's statement in full

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By Shane McGinley

Thursday, 9 February 2012 12:19 PM

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

Read Chris O'Donnel's statement to the press here.

Read Nakheel's reaction to the press below.

Matthew Showler from law firm SJ Berwin issued a statement on behalf of Nakheel:

“Our client is understandably disappointed by today’s outcome. The Dubai World Tribunal is a court of Dubai. Its judges, like their colleagues sitting by the Dubai Creek, must administer UAE law as applied in Dubai, respecting the roles of the federal institutions, such as the Ministry of Labour, as allocated by the federal laws of the union.

“Our client stands by its decision to rigorously defend Mr O’Donnell’s claim. It is our client’s position that the federal law prescribes that Mr O’Donnell’s claim should have been brought to the Ministry of Labour… This is a view that is held by the Ministry of Labour.

“In terms of the cost, our client is understandably very pleased with that and considers that a good result.”

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