Dubai court orders borrower to pay $2.4 million in loan dispute over penalty clause - Diina Dubai - Your Intuitive Insights to everything Local

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Author name: Khitam Al Amir

Dubai court orders borrower to pay $2.4 million in loan dispute over penalty clause

date Feb 26, 2026

the court ruled that the agreed penalty was 0.001 per cent per day. it calculated compensation for the delay at $400,000. the debtor had failed to prove that the amount was excessive.

Source: gulfnews.com

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