Dubai Famous Developer Nakheel Lost Two Court Cases Last Week

The developer of the Palm and World Islands, Nakheel lost in two cases this week. This lost will cost the company a $23m. The former CEO of this building company, Chris O’ Donnell was awarded $3m for his damage for breaching a contract between him and the company. After working with the company for 5 years, he left it last summer and sued a case of $3.7m for his loss in incentives, entitlement loss, and salary and exchange rates losses.