Laws of the DIFC Volume 5

About the Laws of the DIFC Volume 5

The fifth commentary in a series commissioned by the DIFC Academy of Law on the laws of the Dubai International Financial Centre.

Published July 2023

The Laws of the DIFC, Volume 4 is the fifth commentary in a series of five commissioned by the DIFC Academy on the laws of the Dubai Financial Centre - the common law freezone and financial centre in Dubai, UAE.

It contains commentary on all the DFSA Administered Laws and has been reviewed by an Editorial Board which includes Timothy Binning (Director Legal, DFSA) and Muna Dandan (General Counsel and Head of Legal, DFSA)

International interest in the DIFC, its English language laws and Courts has been developing in recent years as it is possible for entities both inside and outside the freezone to opt for their disputes to be heard there making it a convenient forum for global investors.

This book is part of a project initiated by the then Chief Justice of the DIFC Courts, Dr Michael Hwang to provide easy access to explanations of the DIFC's laws and regulations and create DIFC equivalent to Halsbury's Laws.

Accredited DIFC Academy Specialist firms, with significant experience of litigation and providing advice in the DIFC have been allocated to write on all five DFSA Administered Laws within this specific volume, which cover the following topics:

• International Trust Law – Charles Russell Speechlys
• Collective Investment Law – Adam Temple (Barrister, 3 Verulam Buildings)
• Law Regulating Islamic Financial Business – Simmons & Simmons
• Regulatory Law – Saima Hanif, KC (Barrister, 3 Verulam Buildings)
• Markets Law – White & Case

As well as providing an overview of the legislation in each area, the authors offer provision by provision commentary on each article:

• highlighting both similarities and differences with the common law or equivalent international provision making it easier for those more familiar with other common law jurisdictions to quickly see where the potential legal differences apply
• providing details and explanations of important DIFC cases in the specific area giving practical advice on the likely DIFC Court treatment
• providing details and explanations of relevant cases and commentary from other common law jurisdictions (with references) which can be useful to those researching that area