ca 006 2015

DAMAC Park Towers Company Limited v Youssef Issa Ward [2015] DIFC CA 006 — Commercial interpretation of real estate payment obligations (14 December 2015)

The Court of Appeal clarifies the primacy of commercial efficacy in contract interpretation, overturning a lower court ruling that had penalized a developer for terminating a reservation agreement following a purchaser's failure to meet payment schedules.