Law of Damages and Remedies DIFC Law No. 7 of 2005

PART 1: GENERAL.........................................................................................................................................................4

1. Title.......................................................................................................................................................................4

2. Legislative Authority.............................................................................................................................................4

3. Application of the Law .........................................................................................................................................4

4. Date of enactment.................................................................................................................................................4

5. Commencement ....................................................................................................................................................4

6. Interpretation .......................................................................................................................................................4

PART 2: DAMAGES UNDER THE LAW OF CONTRACT........................................................................................................4

7. Application ...........................................................................................................................................................4

8. Right to damages .................................................................................................................................................4

9. Full compensation.................................................................................................................................................4

10. Measure of damages ..........................................................................................................................................5

11. Certainty of harm.................................................................................................................................................5

12. Foreseeability of harm ........................................................................................................................................5

13. Proof of harm in case of replacement transaction..............................................................................................5

14. Proof of loss by current price..............................................................................................................................5

15. Loss due in part to aggrieved party.....................................................................................................................5

16. Mitigation of loss.................................................................................................................................................6

17. Interest for failure to pay money.........................................................................................................................6

18. Interest on damages ..........................................................................................................................................6

19. Manner of monetary redress ...............................................................................................................................6

20. Currency in which to assess damages................................................................................................................6

21. Agreed payment for non-performance................................................................................................................6

22. Limitation ...........................................................................................................................................................6

PART 3: DAMAGES IN LAW OF OBLIGATIONS .................................................................................................................7

23. Right to damages ...............................................................................................................................................7

24. Full Compensation...............................................................................................................................................7

25. Measure of damages ..........................................................................................................................................7

26. Special cases .....................................................................................................................................................7

27. Certainty of loss...................................................................................................................................................7

28. Forseeability of harm...........................................................................................................................................7

29. Loss due in part to injured party ........................................................................................................................8

30. Mitigation of loss.................................................................................................................................................8

31. Prohibition of double recovery ...........................................................................................................................8

32. Interest on damages ...........................................................................................................................................8

33. Manner of monetary redress ...............................................................................................................................8

PART 4: REMEDIES .......................................................................................................................................................9

CHAPTER 1: GENERAL ..................................................................................................................................................9

34. Remedies stipulated under this Law ..................................................................................................................9

35. Other orders ........................................................................................................................................................9

CHAPTER 2: INTERIM REMEDIES..................................................................................................................................10

36. Orders for interim remedies...............................................................................................................................10

CHAPTER 3: OTHER REMEDIES ...................................................................................................................................11

37. Declarations ......................................................................................................................................................11

38. Injunctions ........................................................................................................................................................11

39. Specific Performance........................................................................................................................................11

40. Damages as additional or substitute remedy....................................................................................................11

41. Accounts ..........................................................................................................................................................12

CHAPTER 4: ENFORCEMENT OF ORDERS AND JUDGMENTS...........................................................................................12

42. Powers of the Court ..........................................................................................................................................12

43. Charging Orders.................................................................................................................................................12

44. Attachment of Future Assets ...........................................................................................................................13

45. Execution against Assets .................................................................................................................................13

46. Appointment of a Receiver................................................................................................................................13

47. Examination of Judgment Debtor.......................................................................................................................13

PART 5: REMEDIES IN THE LAW OF RESTITUTION........................................................................................................13

48. Right to restitution ...........................................................................................................................................13

49. Damages in lieu of restitution...........................................................................................................................14

SCHEDULE 1: .............................................................................................................................................................14