The Abu Dhabi Court of Cassation has upheld an appellate court ruling ordering a man to repay Dh370,000 plus Dh30,000 in damages following a failed investment deal involving stock trading losses.
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The Abu Dhabi Court of Cassation has upheld an appellate court ruling ordering a man to repay Dh370,000 plus Dh30,000 in damages following a failed investment deal involving stock trading losses.
The Abu Dhabi investment dispute court ruling 2025 ordering a man to repay Dh370,000 plus Dh30,000 in damages following a failed investment deal involving stock trading losses. The judgment marked the conclusion of a legal battle centered on conflicting claims over money transferred for investment purposes.
The plaintiff sued seeking Dh780,000 plus interest and additional compensation, alleging he transferred Dh370,000 via bank and Dh410,000 in cash to the defendant, who promised repayment but failed to deliver. The defendant acknowledged only receiving Dh370,000 and claimed the funds were lost in stock trades.
Initially dismissed by a lower court, the plaintiff appealed, with the appellate court overturning the decision and ordering repayment plus damages. Both parties then challenged the appellate ruling before the Court of Cassation. The higher court dismissed both appeals stating:
The claim for the additional Dh410,000 lacked documentary proof and could not be substantiated by witness testimony under Article 66 of the Evidence Law.
The defendant was held liable for Dh370,000 based on evidence of bank transfers and his acknowledgment of the debt.
Each party was ordered to bear their own litigation costs.
The ruling highlights the importance of documentary evidence in financial disputes and confirms the enforceability of clear bank transaction records and admissions as valid proof of liability.
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