DIFC DEPARTMENT

DIFC’s unique legal and regulatory framework is based on international standards and principles of common law that is tailored to the region’s unique needs, creating the optimal environment for financial services and related industries and services to grow.

The Dubai International Financial Centre (“DIFC”) was launched in accordance with United Arab Emirates (UAE) Federal Decree No. 35 of 2004 as a part of Dubai’s strategic vision to diversify its economic resources and attract capital and investments in the region. It is a Financial Free Zone defined in Federal Law No. 8 of 2004, as an independent jurisdiction within the UAE, DIFC is empowered to create its own legal and regulatory framework for all civil and commercial matters.

DIFC’s unique legal and regulatory framework is based on international standards and principles of common law that is tailored to the region’s unique needs, creating the optimal environment for financial services and related industries and services to grow. The following three independent bodies have been established at the DIFC under Dubai Law No. 9 of 2004 to enable and support the growth and development of businesses in the Centre: the DIFC Authority, the Dubai Financial Services Authority (“DFSA”) and the DIFC Courts.

At Kashwani Law firm we have vast experience in the DIFC courts and have advised clients in a number of different sectors related to the DIFC, our specialist lawyers offer a full advisory service including:

• Corporate and commercial advice
• Employment Law advice
• Regulatory advice
• Litigation before the DIFC Courts
• DIFC-LCIA arbitrations

Our local and international lawyers combine DIFC expertise with extensive UAE legal knowledge, our lawyers regularly conduct DIFC Courts litigation at both Court of First Instance and Court of Appeal level, as well as advising clients on the conduct and strategy of Small Claims Tribunal cases.

Our team specialize in dispute resolution and also advise clients on business opportunities, companies and all corporate matters based in the DIFC. Our local knowledge enables the team to provide up to date advice to all clients while at the same time minimizing risk exposure, in particular focusing on the appropriate drafting of commercial contracts, both for DIFC entities and those wishing to opt for the jurisdiction of the DIFC.

We have a team of qualified lawyers that can assist with all DIFC related enquiries by uniquely combining extensive UAE and DIFC experience. At Kashwani Law firm our experts cover the entire gamut of legal advice for the Dubai International Financial sector.

ADGM

Abu Dhabi Global Market is an award-winning international financial center strategically located in the capital of the United Arab Emirates.
Established by UAE Federal Decree, ADGM’s jurisdiction extends across the entire 114 hectares of Al Maryah Island.

ADGM’s three independent authorities – the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts – together ensure that its business-friendly environment operates in line with international best practices, recognized by major financial centers worldwide.

Since opening for business in late October 2015, ADGM quickly gained global recognition for its robust, progressive and responsive business-friendly ecosystem. Through collaboration, and by focusing on understanding business needs, ADGM introduced many ‘firsts’ both regionally and globally. As a catalyst of growth, ADGM delivers value to its clients and its peers and contributes to Abu Dhabi’s ambitious growth plan and strategy.