Dubai Islamic Bank said that NMC Medical Group has made a lawsuit against the Abu Dhabi World Market Courts and 12 Insurance Company and third party service providers.


According to Arab Net, the bank said there was no negative impact on this request, since they were ongoing legal, explaining that he did not wish to comment on public speculation, and could not be suspended at the moment.


Dubai Islamic Bank expelled NMC, worth $ 400 million (1.5 billion dirhams). Where the group was durated by Dubai Islamic loans, using a guarantee known as city insurance markets, concerning the payments of insurance companies for medical services.


The health care company has passed last year, after detecting a debt of $ 4 billion, not announced, and the company's work in the UAE has been placed under the Trust Courts of Abu Dhabi World Market.


The company says creditors have so far reach $ 6.4 billion.


Judicial action against Dubai Islamic Bank comes after the latter held suits in Dubai. This may involve confrontation between the various judicial systems in the UAE and may hold restructuring.


One of the sources said, so, no priority court now?, Added: The problem is that something of this did not happen before. The sources requested not to be identified because of commercial sensitivities.


Curses

> She says the sources and the courtroom referred to Reuters. Alvarez & Marsal, with the possibility of using it to pay for other creditors.


According to the document, participating guardians should be entitled to blocking any distribution or payment may be owed to Dubai Islamic Bank from corporate assets or any other assets at the disposal of common guardians, so that the delivery of guardians are completely informed by receivables.


This is the loss of Dubai Islamic Bank, which is revealed on AM 400 million. It was an English-Islamic loans using a guarantee known as city insurance receivables, relating to insurance companies' payments for medical services.


Three informed sources said Dubai already pushed his right in those securities, as part of Dubai.