A presentation by Mark Beer, OBE, Registrar General of DIFC Courts, on the topic "Reducing Contractual Risk" givenat a marcus evans workshop in Dubai in August 2017. Mark discusses strategies on how to reduce contractual risk and explains why DIFC Courts has proven to be effective at protecting global business as one of the world's most connected courts.
The birth of a new jurisdiction damien horiganUMGC Asia
Damien P. Horigan. "The Birth of a New Jurisdiction: The Abu Dhabi Global Market." Paper to be presented at the Second Middle East Conference on Global Business, Economics, Finance and Banking to be held in Dubai in May 2015.
The Offshore Financial Centres - Conceiling the beneficial ownerFrank Erkens
Faced with the threat that the public may lose its confidence in the financial world, the international community has decided to uncover the numerous disguises used by criminals. This two-part series focuses on a number of important disguises, and the initiatives taken to resolve the problem of the concealment of beneficial owners. In the first part, we will look at the Offshore Financial Centres. This two-part series centres around the US legislative proposal HR3886. The aim of this legislative proposal is to facilitate the identification of the beneficial owner. Of course, the question remains whether this aim will be achieved or whether, as it appears now, the problem will simply relocate.
A presentation by Mark Beer, OBE, Registrar General of DIFC Courts, on the topic "Reducing Contractual Risk" givenat a marcus evans workshop in Dubai in August 2017. Mark discusses strategies on how to reduce contractual risk and explains why DIFC Courts has proven to be effective at protecting global business as one of the world's most connected courts.
The birth of a new jurisdiction damien horiganUMGC Asia
Damien P. Horigan. "The Birth of a New Jurisdiction: The Abu Dhabi Global Market." Paper to be presented at the Second Middle East Conference on Global Business, Economics, Finance and Banking to be held in Dubai in May 2015.
The Offshore Financial Centres - Conceiling the beneficial ownerFrank Erkens
Faced with the threat that the public may lose its confidence in the financial world, the international community has decided to uncover the numerous disguises used by criminals. This two-part series focuses on a number of important disguises, and the initiatives taken to resolve the problem of the concealment of beneficial owners. In the first part, we will look at the Offshore Financial Centres. This two-part series centres around the US legislative proposal HR3886. The aim of this legislative proposal is to facilitate the identification of the beneficial owner. Of course, the question remains whether this aim will be achieved or whether, as it appears now, the problem will simply relocate.
GT Auto Centre is the leading car service centre in Dubai. We are providing car services like air conditioning, electrical, mechanical service, and all type of repairs. We offer Porsche, BMW, Nissan, Mercedes-Benz, Jaguar, Range Rover, Audi, Volvo, Toyota services in Dubai.
2016: Why Now? An Overview of the TransTech Market and the Trends Driving Gro...Nichol Bradford
Watch the full talk here: https://www.youtube.com/watch?v=io8SGgSfHK8
Transformative Technology is at an inflection point. Understand the growth drivers, market leaders, and key cultural trends driving transformative technology, and learn how these affect you as entrepreneurs, investors, or users. Learn the most critical stats and trends about how technology is evolving. From the funding climate to smartphone adoption to the tech giants to cutting-edge inventions, this session has it all!
Nichol is the Co-Founder and Executive Director of the Transformative Technology Lab, Co-Organizer of the TTC, and the CEO and Founder of Willow, a TransTech company.
Este estudio de la Asociación de Veterinarios Abolicionistas de la Tauromaquia y el Maltrato Animal lo demuestra. Los encierros también implican sufrimiento. Además, los animales son ejecutados posteriormente sólo para nuestro entretenimiento.
Marketing automation has enabled companies to massively scale their marketing efforts and take advantage of efficiencies at scale. Over 60% of the Fortune 1000 have adopted some type of marketing automation, and those companies are seeing amazing ROI. Unfortunately, when you look at companies below the Fortune 1000, adoption declines drastically and drops to under 5% due to budgets and complexity. But doesn’t every business deserve the ability to access marketing automation tools that are cost-effective and easy to use? We think they do, so we reimagined our entire marketing automation solution.
Rugged DevOps (eBook): 10 Ways to Start Embedding Security into DevOps PatternsEvident.io
Evident is a sponsor of the inaugural DevOps.com eBook titled Rugged DevOps: 10 Ways to Start Embedding Security into DevOps Patterns. Learn more about how to start moving toward a Rugged DevOps mentality through insights shared by security and DevOps experts, including Evident CEO Tim Prendergast, with reporter Ericka Chickowski.
Hvordan er processen og resultatet, når man vil bygge en avanceret samarbejdsportal med ekstranet, projektrum og mulighed for selvstændige intranet? Fokuser på formål og sørg for at videndel tit og ofte - også når det er projektets øverste formål.
Afholdt til Wizdom-konference 2017.
44CON 2014: Using hadoop for malware, network, forensics and log analysisMichael Boman
The number of new malware samples are over a hundred thousand a day, network speeds are measured in multiple of ten gigabits per second, computer systems have terabytes of storage and the log files are just piling up. By using Hadoop you can tackle these problems in a whole different way, and “Too Much Data to Process” will be a thing of the past.
The Conflict Box by Bob Mayer (updated 2016)Bob Mayer
Writing a novel and getting it published: That's your goal. And nothing
will keep you from making it happen. Such a goal, of course, presents
a number of challenges. Make sure you have the tools you need to
overcome them and succeed.
In THE NOVEL WRITER'S TOOLKIT, NY Times Best-Selling author
Bob Mayer shares a veteran writer's hard-won advice with a style that's
straight from the hip. He lays out the nuts and bolts of novel writing, along
with guidelines for starting, finishing and revising your work.
You'll learn how to:
Develop story-worthy ideas
Translate those ideas into a compelling plot
-- one that keeps readers mesmerized
Pace your story for maximum excitement
Create realistic, complicated characters
Submit attention-getting manuscripts
Self-contained chapters make it easy to focus on the just the elements you
need. Take in the advice, sharpen your skills, and hit the ground running.
Mayer provides all the reliable information and instruction you need to
make your dreams of publication come true.
What are you waiting for? THE NOVEL WRITER'S TOOLKIT ensures
that you're properly equipped for success!
“A book to inspire, instruct and challenge the writer in everyone.”
#1 NY Times Best-Selling Author Susan Wiggs
"An invaluable resource for beginning and seasoned writers alike. Don't miss out."
#1 NY Times Best-Selling Author Terry Brooks
Prezentacja przygotowana dla studentów kierunku informatyki na Politechnice Łódzkiej. Celem było przygotowanie studentem do realizacji projektu w ramach konkursu ZTGK (http://gry.it.p.lodz.pl)
GT Auto Centre is the leading car service centre in Dubai. We are providing car services like air conditioning, electrical, mechanical service, and all type of repairs. We offer Porsche, BMW, Nissan, Mercedes-Benz, Jaguar, Range Rover, Audi, Volvo, Toyota services in Dubai.
2016: Why Now? An Overview of the TransTech Market and the Trends Driving Gro...Nichol Bradford
Watch the full talk here: https://www.youtube.com/watch?v=io8SGgSfHK8
Transformative Technology is at an inflection point. Understand the growth drivers, market leaders, and key cultural trends driving transformative technology, and learn how these affect you as entrepreneurs, investors, or users. Learn the most critical stats and trends about how technology is evolving. From the funding climate to smartphone adoption to the tech giants to cutting-edge inventions, this session has it all!
Nichol is the Co-Founder and Executive Director of the Transformative Technology Lab, Co-Organizer of the TTC, and the CEO and Founder of Willow, a TransTech company.
Este estudio de la Asociación de Veterinarios Abolicionistas de la Tauromaquia y el Maltrato Animal lo demuestra. Los encierros también implican sufrimiento. Además, los animales son ejecutados posteriormente sólo para nuestro entretenimiento.
Marketing automation has enabled companies to massively scale their marketing efforts and take advantage of efficiencies at scale. Over 60% of the Fortune 1000 have adopted some type of marketing automation, and those companies are seeing amazing ROI. Unfortunately, when you look at companies below the Fortune 1000, adoption declines drastically and drops to under 5% due to budgets and complexity. But doesn’t every business deserve the ability to access marketing automation tools that are cost-effective and easy to use? We think they do, so we reimagined our entire marketing automation solution.
Rugged DevOps (eBook): 10 Ways to Start Embedding Security into DevOps PatternsEvident.io
Evident is a sponsor of the inaugural DevOps.com eBook titled Rugged DevOps: 10 Ways to Start Embedding Security into DevOps Patterns. Learn more about how to start moving toward a Rugged DevOps mentality through insights shared by security and DevOps experts, including Evident CEO Tim Prendergast, with reporter Ericka Chickowski.
Hvordan er processen og resultatet, når man vil bygge en avanceret samarbejdsportal med ekstranet, projektrum og mulighed for selvstændige intranet? Fokuser på formål og sørg for at videndel tit og ofte - også når det er projektets øverste formål.
Afholdt til Wizdom-konference 2017.
44CON 2014: Using hadoop for malware, network, forensics and log analysisMichael Boman
The number of new malware samples are over a hundred thousand a day, network speeds are measured in multiple of ten gigabits per second, computer systems have terabytes of storage and the log files are just piling up. By using Hadoop you can tackle these problems in a whole different way, and “Too Much Data to Process” will be a thing of the past.
The Conflict Box by Bob Mayer (updated 2016)Bob Mayer
Writing a novel and getting it published: That's your goal. And nothing
will keep you from making it happen. Such a goal, of course, presents
a number of challenges. Make sure you have the tools you need to
overcome them and succeed.
In THE NOVEL WRITER'S TOOLKIT, NY Times Best-Selling author
Bob Mayer shares a veteran writer's hard-won advice with a style that's
straight from the hip. He lays out the nuts and bolts of novel writing, along
with guidelines for starting, finishing and revising your work.
You'll learn how to:
Develop story-worthy ideas
Translate those ideas into a compelling plot
-- one that keeps readers mesmerized
Pace your story for maximum excitement
Create realistic, complicated characters
Submit attention-getting manuscripts
Self-contained chapters make it easy to focus on the just the elements you
need. Take in the advice, sharpen your skills, and hit the ground running.
Mayer provides all the reliable information and instruction you need to
make your dreams of publication come true.
What are you waiting for? THE NOVEL WRITER'S TOOLKIT ensures
that you're properly equipped for success!
“A book to inspire, instruct and challenge the writer in everyone.”
#1 NY Times Best-Selling Author Susan Wiggs
"An invaluable resource for beginning and seasoned writers alike. Don't miss out."
#1 NY Times Best-Selling Author Terry Brooks
Prezentacja przygotowana dla studentów kierunku informatyki na Politechnice Łódzkiej. Celem było przygotowanie studentem do realizacji projektu w ramach konkursu ZTGK (http://gry.it.p.lodz.pl)
UK Government Barter Report Summary FindingsDaniel Evans
Ormita Commerce Network Barter Exchange www.ormita.com
Global Barter Exchange Network. Barter Franchises and Licenses Available.
Unsold appointment time, empty hotel rooms, unsold venue passes, unfilled advertising space, rapidly depreciating stock, end-of-line items or oversupplied products all represent lost revenue which otherwise will never be recovered.
These unproductive or unsold assets are known as "dead capital" and there is an estimated 9.3 trillion dollars of it world-wide.
It is Ormita’s mission to transform this otherwise lost profit into new income, investments and other benefits.
Ormita works directly with Government Ministries, State Owned Enterprises, Fortune 500 Companies, Stock Exchange Listed Companies and a handful of carefully selected private corporations in 54 countries.
The Ormita Commerce Network, its licensees, and subsidiaries operate under the master brand name ‘Ormita’ or ‘Ormita Barter’. We are the world’s largest multi-national barter network as measured by international transaction volume, country footprint and service offerings, and believed to be the second largest barter network in the world after the WIR Bank, (formerly known as the Swiss Economic Circle / Wirtschaftsring-Genossenschaft or WIR).
We provide regular barter related information and offerings to more than 210,000 business and public sector clients through personnel operating in Australia, Canada, China, Egypt, Germany, Greece, Hong Kong, India, Indonesia, Iran, Italy, Macau, Mexico, New Zealand, Pakistan, Poland, South Africa, Sweden, Turkey, United Kingdom, United States of America and Zambia. For more information, please visit ormita.com.
Barter Exchange Franchises www.ormita.com Barter Exchange Software www.ormita.com Barter Franchises www.ormita.com Barter Exchange www.ormita.com
FINANCE, FINANCIAL SYSTEM, FINANCIAL INSTRUMENTS, FINANCIAL MARKETS, CORPORATE FINANCE, INTRODUCTION TO CORPORATE FINANCE, REAL VERSUS FINANCIAL ASSETS, GLOBAL FINANCIAL COMMUNITY, etc.
MCI CLT Lecture at BUSEM, Bangkok University (2020.11)Martin Kraeter
Phillip & Martin Kraeter lecture about
The Economic Landscape of the UAE
with special approach to the entrepreneurial mindset and start-ups.
Audience: School of Entrepreneurship and Management @ Bangkok University
Mr. Melesse Minale's presentation on the 4th Annual East Africa Finance Summit
Access to finance is one of the key bottlenecks to business and productivity growth
Capital markets help mobilize domestic savings
Creating liquidity
Reducing the need for reliance on foreign capital
Economic growth in Africa remains strong with growth of 5% in 2013. At least a third of countries in the region are growing at 6% and more, and African countries are now routinely among the fastest-growing countries in the world. Yet for businesses seeking to expand into or operate on the Continent and their legal advisers, there remain serious challenges to success. So how can we all make the most of this continent of opportunity and challenges?
Focussing particularly on recent developments, legal harmonization, opportunities and day to day issues in the legal world in Africa, the session will provide an insight into the potential challenges that lawyers may find when working with clients or on transactions or litigations in Africa and suggest some ways to mitigate the risks. Covering a range of topics such political risk, corruption, the importance of trust and relationship-building and the different pace of working, the webinar will provide a unique insight into working in Africa and present our unique offering on the continent.
About the Ormita Commerce Network Barter Exchange PlatformSelina Markham
Ormita is the world's largest multilateral reciprocal barter exchange system, with subsidiaries that conduct business worldwide and offices in 23 countries.
-Allows a business to swap / exchange their own product or service for things they need
-Reduces the cash outlay of the business
-Every purchase is matched with a new sale
-Purchase of international advertising, trade shows, translation, legal and accounting services etc
-More sales result in more customer feedback and less cost for “give-away” samples
Barter Provides a Mechanism to Improve the Balance Sheet
-Goods acquired using barter are still counted as an increase in the assets of the business.
-Bank capital guarantees reduce available lines of credit - barter capital does not.
-Allows the organisation to meet assets and/or equity ratios for other (cash) subsidies and loans.
-Lets a business obtain future international lines of credit guaranteed by countertrading operations.
The use of networks such as Ormita can help countries to build solid industrial bases, by balancing purchases of foreign goods and services against domestic exports in a simple, but creative manner; while addressing World Bank and IMF concerns of “bilateralism” and anti-competitive behaviour. This form of trade finance has a multiplier effect as it increases overall purchasing power which helps to reduce unemployment, recover potentially depreciating (or lost) value and helps a country’s development.
"International Trade Flows Facing The Global Credit Crunch: The Multilateral Barter Trade System". University of Turin, Italy. Faculty of Economics. March 2012
“Businesses often have excess capacity in their own goods, services or infrastructure, even more so when the financial cycle slows and credit tightens. Business people find that using capacity to source needed goods and services is an attractive alternative proposition to conventional sales and credit if it can increase sales, ease cash flow or reduce reliance on conventional credit.”
"Capacity Trade and Credit: Emerging Architectures for Commerce and Money". City of London Corporation, ESRC, UKTI, BIS joint Report. City of London Corporation. Dec 2011.
http://www.barterforadvertising.com
http://www.barterforprinting.com
http://www.agriculturalbarter.com
http://www.governmentbarter.com
http://www.ormitacorporate.com
http://www.ormita.com
http://www.barterforequity.com
Commercial Arbitration in Asia (Ammar Younas)Ammar Younas
This lecture has been prepared by Ammar Younas, Senior Lecturer in Commercial Law at Westminster International University in Tashkent for the Class of 2019-2020 Introduction to Business Law.
PKF Francis Clark is hosting a seminar which brings together providers of business funding, including both debt and equity; business support agencies including grant specialists; our own corporate finance experts and business owners themselves to provide short, sharp presentations in order to assist business owners and managers in assessing which funding stream is right for them.
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
Introduction-
The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
12. Serve the international business community by
maintaining a world-class judicial system which
enjoys the confidence of the commercial sector
Heart of Commerce
13. • Up and running since 2008
• Common Law
• English language
• Commercial and civil
• World’s most advanced commercial court
Who we are…
17. Small Claims Tribunal -
A private, cost-effective solution for SMEs
• Claim amounts less than AED500,000
• 90% of cases settled within three weeks
• No lawyers
• Private and informal
18. SMART SCT
• The GCC’s first smart Small Claims
Tribunal.
• Provides parties in a dispute, as well as
the judge, access to the case from
remote locations on smartphones and
computers.
• Smart court is fully equipped with video
conferencing technology that enables
individuals and SMEs to participate in
hearings from anywhere in the world.
23. What others are saying:
• The Oath, Middle East Law Journal wrote: “The DIFC Courts are
considered to be in the top three commercial courts in the world
and are planning to expand their operations”
• Reuters Article: “For many clients, mainly financial institutions and
blue-chip corporations, DIFC Courts have become very important as
a service centre…they’re one reason, if not the main reason, for
being headquartered in the DIFC.”
• James King, The Banker: “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.”
24. A force for positive change?
The Honourable Mr Justice Cooke, Judge In Charge of the
Commercial Court of England & Wales, remarked: “The
Memorandum of Guidance between DIFC Courts and the UK
Commercial Court sets out the basis upon which judgments of
one court can be enforced in the other and helps to engender an
atmosphere in which business can flourish."
Former UAE Minister of Justice HE Hadef Al Dhaheri
commented: "The importance of Dubai offering two judicial
systems, one Arabic language civil and one English language
common law, should not be underestimated. The choice that is
now offered to businesses operating here must be celebrated.”
Editor's Notes
Before talking about the Courts, can we talk about Dubai and specifically the Dubai International Financial Centre. Maybe insert movie clip about development of Dubai and time lapse about building of the centre.
Why did Dubai decide to concentrate on Finance alongside Trade/logistic and travel and tourism as its strategy.
Why create an English language business centre in the Arab world (because 80% of the worlds financial transactions (including Islamic finance transactions) are done in English.
Why use a common law system vs the civil law system (because most of the world’s leading fianncial centres are common law-New York, London, Hong Kong, Singapore etc)
Why in the DIFC? (infrastructure, high end, quality of service etc)
Answer is the shift in world trade.
Historically world trade centered between the East Coast of the United States and the UK, but with the emergence of Germany after the second world war trade flows started to shift East. As Japan increased its production the flow of trade further moved Eastwards, and this trend has gown and accelerated as we have seen the emerging markets of India, China and elsewhere in the East develop whilst the traditional markets of the West have struggled.
The spine of world trade is moving, and ever Eastwards so, unlike the atlas where the spine sits over London, today it sits right over the Middle East.
Vision, back in 1985 (when Wham was number one of the UK charts with Careless Whisper), was to capture that flow or trade and commerce as it washed over the region. To be prepared to be the gateway for that trade.
The challenge was that, when the Government reached out to 5000 businesses around the world, the overwhelming reason that they didn’t want to establish in Dubai was ‘legal and regulatory risk’. Boiled down, this was ‘legal and regulatory unfamiliarity’.
So to be able to ride on the crest of the wave of Global trade as it moves East, and to attract the people and businesses necessary to achieve that, Dubai created a centre which was familiar.
As it happens, it wasn’t just the Global opportunities that Dubai was positioning itself to capture, but the regional ones as well.
The Middle East itself is full of opportunities today, many of which international business would like to access.
Opportunities for growth at 4%
Project expenditure at US$1.7trn
Estimated wealth at US$3.2trn.
But how can it access the opportunities safely?
Answer is the shift in world trade.
Historically world trade centered between the East Coast of the United States and the UK, but with the emergence of Germany after the second world war trade flows started to shift East. As Japan increased its production the flow of trade further moved Eastwards, and this trend has gown and accelerated as we have seen the emerging markets of India, China and elsewhere in the East develop whilst the traditional markets of the West have struggled.
The spine of world trade is moving, and ever Eastwards so, unlike the atlas where the spine sits over London, today it sits right over the Middle East.
Vision, back in 1985 (when Wham was number one of the UK charts with Careless Whisper), was to capture that flow or trade and commerce as it washed over the region. To be prepared to be the gateway for that trade.
The challenge was that, when the Government reached out to 5000 businesses around the world, the overwhelming reason that they didn’t want to establish in Dubai was ‘legal and regulatory risk’. Boiled down, this was ‘legal and regulatory unfamiliarity’.
So to be able to ride on the crest of the wave of Global trade as it moves East, and to attract the people and businesses necessary to achieve that, Dubai created a centre which was familiar.
As it happens, it wasn’t just the Global opportunities that Dubai was positioning itself to capture, but the regional ones as well.
Traditional view of business people about how complex litigation works. Complex, lengthy, not transparent
Highest ranked fear – not death or loneliness, but public speaking.
Fear and business mix like oil and water – they don’t
Would you drive a car if you didn’t trust the tyres? Maybe? How fast? Who with?
Fear, uncertainty or unfamiliarity of a market slows a market.
Nothing new – Dubai knew this in 1985
Credit is the life blood of an economy. Constrict it or over price it and economic growth will shift elsewhere. However banks will only lend into markets in which they believe they can get their money back.
Economies with a solid commercial judicial system tend to grow and 2% more per year than those which don’t, and companies can borrow money to fund expansion considerably cheaper.
This all led to the establishment of the DIFC in 2004
When it comes to resolving business disputes, it’s all about proving choice. Business likes to have a choice, whether litigations vs arbitration, or of the language of the dispute resolution forum (eg English)
Dubai has provided a choice of an English language common law court sitting alongside an Arabic language civil law court, both of which the parties to an agreement can choose depending on which suits them the most.
Our court is about justice, not technical challenges. Give example of default judgment request.
In addition to active case management we have other tools at our disposal such as injunctive relief (incl specific performance), summary judgment (to ensure that spurious claims or defences are dealt with immediately) and the ability to amalgamate or join cases to reduce time and costs for the parties.
The SCT was established in October 2007 to deal with all claims under AED100,000 with further changes in limits of jurisdiction (AED200,000 for employments matters and up to AED 500,000 for all cases that parties have agreed in writing to use the SCT)
Parties cannot be represented by legal representatives at the SCT hearings.
Rules for SCT cases have been simplified to enable the claims to be resolved expeditiously-90% within 21 days
All hearings are in private
Especially effective for employment and debt claims. Give anecdote re sexual harassment.
As well as active case management, the courts embrace technology to enhance efficiency
Everything is online and accessible to the parties and their lawyers.
HH Sheikh Mohammed:
Having a sophisticated e-infrastructure is one of the most important tools that enhance the competitiveness of UAE globally
UAE came in 2nd place globally in the Government Usage of Information Technology Index, jumping 30 spots since 2012
Appeals filed against judgments and awards made by the Court of First Instance;
Interpretation of any article of the DIFC’s laws based upon the request of the Courts in a claim that the Courts adjudicate or the request of any of the DIFC’s bodies or the request of any of the DIFC’s establishments provided that the establishment obtains leave of the Chief Justice in this regard. Such interpretation shall have the power of law.
Enforcement critical and we have protection of treaties covering the Arab world and the GCC, as well as reciprocal common law enforcement into other common law centres such as London.
Enforcement critical and we have protection of treaties covering the Arab world and the GCC, as well as reciprocal common law enforcement into other common law centres such as London.