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WorldFebruary 1 2015

Dubai International Financial Centre lays down the law

In recent years, Dubai has been developing its capabilities in the field of dispute resolution, with its crowning achievement being the creation of its Dubai International Financial Centre courts, which have only increased Dubai's appeal as an international finance hub.
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Dubai International Financial Centre lays down the law

In just a few decades, Dubai has emerged as the pre-eminent centre of trade and commerce in the Middle East. This swift yet sometimes volatile ascendancy is the product of an ambitious growth plan, a stable political environment and investor-friendly regulation. Today, Dubai has become a conduit for the flow of goods, capital and labour between East and West, as well as between fast-growing emerging economies.

To support these developments, the federal and local authorities have actively nurtured the emirate’s civil and commercial dispute resolution capabilities. As such, Dubai has quietly emerged as a global centre of legal excellence, thanks in large part to the operations of the Dubai International Financial Centre (DIFC) courts.

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