Seminar to offer insights into DIFC Courts
Dubai, November 15, 2008
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 upcoming seminar.
Titled “The Role of the DIFC Courts”, the seminar for legal professionals will be held in Dubai on November 20.
It 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 region.
The DIFC Courts were created to deal with all cases falling within its jurisdiction, particularly those involving sophisticated international financial transactions,
Dr Omar Bin Sulaiman, DIFC governor said: '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,' he noted.
Sir Anthony Evans, chief justice of the DIFC Courts said: '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 recognized judges, state of the art facilities and rules based on the best from financial centres around the globe.'
'This seminar is an invaluable opportunity for lawyers to better understand the DIFC Courts’ frameworks and processes that facilitate secure and just dispute resolution,' he added.
Prominent officials speaking at the seminar include 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 some of Dubai’s leading legal professionals.-TradeArabia News Service