4 February 2015
The Abu Dhabi Global Market has been established to provide a broad-based financial services hub for local, regional and international institutions. The Global Market has now published a first draft of its core legal and regulatory framework – a major milestone in its development as a new financial free zone in the UAE.
The new draft regulations cover the application of English law as well as a companies law framework, insolvency, employment, real property and operating regulations. They position the Global Market as a business and investor friendly jurisdiction for the conduct of financial services business in the UAE and the broader region.
The briefing highlights some of the key features and proposals set out in the Draft Regulations, together with some in-depth analysis.