Dubai court orders firm to pay over Dh55 million in diamond, gold dispute

The Dubai Court of First Instance has ordered a company to pay more than Dh55 million in a commercial dispute involving diamond sets and gold jewellery supplied under a consignment agreement.

The court also directed the company to pay legal interest of 5 per cent per annum from the date the lawsuit was filed until full payment is made, along with court fees and Dh1,000 in legal expenses.

However, claims filed against the company’s two individual directors were dismissed, with the court ruling that they could not be held personally liable in…