The Dubai International Financial Centre (DIFC) is designed to be a financial free zone offering a unique, independent legal and regulatory framework in order to create an environment for growth, progress and economic development in the UAE and the wider region.
Category: International Dispute Resolution
Memoranda of Understanding signed between the AIFC Court, International Arbitration Centre and the Law Society of England and Wales
On 4 March the AIFC Court and International Arbitration Centre (“IAC”) signed Memoranda of Understanding with the Law Society of England and Wales. The Law Society is a strategic partner of the AIFC Court and IAC in providing and developing the rule of law in their respective jurisdictions and internationally.
The Rt. Hon. The Lord Woolf CH, Chief Justice of the AIFC Court, officially presented his book “A Vision of the AIFC Court”
On 9 September 2019, the Rt. Hon. The Lord Woolf CH, Chief Justice of the AIFC Court, officially presented his book “A Vision of the AIFC Court” at a special launch at the AIFC Court to the legal and business communities in Nur-Sultan, Kazakhstan. The book was edited by Mr.…
Nederlandse rechter erkent uitspraak Dubai International Arbitration Centre (DIAC)
Gerechtshof Amsterdam, 05-03-2019 / 200.219.215/01 en 200.219.267/01 Link naar origineel Inhoudsindicatie Verzoek tot erkenning en verlof tot tenuitvoerlegging van buitenlandse arbitrale vonnissen. Art. 6 EVRM. Verdrag van New York. Art. 1075 Rv. Instantie: Gerechtshof Amsterdam Uitspraakdatum: 2019-03-05 Publicatiedatum: 2019-03-11 Zaaknummer: 200.219.215/01 en 200.219.267/0 Vindplaatsen Rechtspraak.nl TvA 2019/39 NTHR 2019, afl.…
Model Clauses of the International Arbitration Centre
About the IAC The IAC provides an independent and expeditious alternative to court litigation and operates to the highest international standards to resolve civil and commercial disputes in the AIFC. It has its own panel of world leading arbitrators and mediators comprising global reputations for absolute independence, impartiality, integrity, unconditional…
The future of investment dispute settlement
The original article was published in Family Office Magazine and can be found here. Entrepreneurs engaging in international investments face several issues when they are accused of a breach of contract. When the investment agreement does not provide solid provisions for dispute settlement, endless legal discussions and expensive court cases…
DIFC Courts corporate video
The DIFC Courts are an independent English language common law judiciary, located in the United Arab Emirates (UAE) and based in the Dubai International Financial Centre (DIFC). This video briefly explains the work of the Courts, why leading international law firms in the region use their services and how their…
Intermediary commission percentages to raise money from investors
Investment banks and other consultants can plan and execute a fundraising campaign for startups and for companies in the growth phase. A reputable fundraising intermediary will likely speed up the process, reduce the legal risks, and negotiate a better deals. Most brokers will take a monthly retainer plus 5 percent…
How Chambers of Commerce Help Family Offices and Wealth Management Firms
A Chamber of Commerce has traditionally furthered the interests of businesses in a particular geography or market sector by way of representation, business services, and networking opportunities. Multilateral Chambers of Commerce can link the business environments of two or more countries, such as the Swiss Chamber of Commerce in The Netherlands. International…
Functions of the AIFC Court
The AIFC is underpinned by an ambitious objective to become the financial hub for Central Asia, the Caucasus, Eurasian Economic Union, the Middle East, and Europe. The new financial centre is positioning itself to attract US$ 40 billion of investments by 2025 and ensure about 1 per cent growth in…
The importance of the Dubai International Financial Centre Courts
In his important and interesting paper “The Story of the Dubai International Financial Centre Courts: A Retrospective“, Mr. Jayanth K. Krishnan addresses the role of the Dubai International Financial Centre Courts (DIFC) in an international legal environment. The DIFCs are part of the sovereign structure of the Emirate of Dubai,…
International Dispute Resolution – the advantages the Court of Arbitration of the European Chamber of Digital Commerce
The Court of Arbitration of the European Chamber of Digital Commerce plays a crucial role in today’s digital world. The appeal and quality of this independent arbitration institution are as valued today as ever. Fairness, even when there is a dispute, has always been this business tradition which continues to…
European Rules of Civil Procedure
UNIDROIT and the European Law Institute (ELI) are working together towards the development of European Rules of Civil Procedure. Leading academics, practicing lawyers, judges, and members of European institutions are represented in the various committees. The instrument is expected to be finalised and adopted by the UNIDROIT Governing Council at its 98th session…
The importance of the Astana International Financial Centre
Introduction Yet to be discovered as an international financial hub is the Astana International Financial Centre (AIFC) in Kazakhstan. In my opinion the current financial bubble in Western Europe and the crypto currency developments, make it almost impossible to ignore this opportunity to develop business and to diversify portfolios.
Important lecture: the AIFC Court and the Common Law Method of Resolving Commercial Disputes and Issues arising from Regulatory Decisions
The Rt. Hon. Sir Jack Beatson FBA, Justice of the AIFC Court Delivered at the Supreme Court of the Republic of Kazakhstan on Tuesday 24 April 2018 1. Introduction (1) It is a huge honour and a great pleasure to be asked to speak here at the Republic of Kazakhstan’s Supreme…