Business | Banking
Insights offered into DIFC Courts
Seminar to explore features of independent judicial system for civil and commercial disputes.
- Staff Report
- Published: 23:41 November 15, 2008
Dubai: The roles and functions of the DIFC Courts, a unique independent judicial system created to adjudicate civil and commercial disputes relating to the Dubai International Financial Centre (DIFC), will be the focus of a seminar for legal professionals to be held in Dubai on Thursday, November 20.
Titled "The role of the DIFC Courts", the seminar will explore key features of the DIFC Courts system including the legal framework, enforcement of awards and the role of the Courts in arbitration.
Established in 2004, the DIFC Courts are the only English language, common law justice system in the Middle East. The DIFC Courts were created to deal with all cases falling within its jurisdiction, particularly those involving sophisticated international financial transactions,
"The independent, fair, transparent and efficient judicial system provided by the DIFC Courts is an integral part of the platform offered by DIFC for the development of the financial services industry and capital markets. As DIFC further grows as a global financial centre, the DIFC Courts will play a key role in giving DIFC-based financial institutions the certainty and stability required to grow their business," said Dr Omar Bin Sulaiman, Governor of DIFC
Prominent speakers include Bin Sulaiman, Sir Anthony Evans, Chief Justice of the DIFC Courts; Sir Anthony Colman and David Williams, Judges of the DIFC Courts. They will be joined by Justice Ali Al Madhani; Justice Omar Al Muhairi and others.
"During a time when the global financial system is in a state of flux, a judicial system that provides the highest standards of certainty, integrity, transparency and efficiency is critical. The DIFC Courts provide world class dispute resolution, with internationally recognised judges, state of the art facilities and rules based on the best from financial centres around the globe," said Evans.
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