The application of one of the most developed legal systems – English common law – in the UAE’s financial free zones, particularly Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC), plays a crucial role in shaping their respective regulations and practices. While both free zones incorporate elements of English law, their practical approaches differ, and understanding these nuances is essential for conducting business in the UAE. This alert highlights the key aspects of these approaches, as well as recent regulatory and practical developments related to the application of English law in ADGM and DIFC.
Read more in our alert attached