Introduction to the DIFC Foundations Law 2018 The DIFC Foundations Law 2018 represents a significant advancement in the legal framework of the Dubai International Financial Centre (DIFC). Introduced with the primary aim of enhancing corporate governance and providing a robust structure for asset management, this legislation facilitates the establishment of foundations that can serve various … Read more
Introduction to Federal Decree-Law No. 20 of 2018 Federal Decree-Law No. 20 of 2018 represents a pivotal moment in the United Arab Emirates’ (UAE) efforts to enhance its regulatory framework regarding anti-money laundering (AML) and combating the financing of terrorism (CFT). Enacted with the objective of aligning with international standards, this legislation establishes a comprehensive … Read more
Introduction to ADGM and DIFC The Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) are two prominent financial free zones established within the United Arab Emirates (UAE). They serve as crucial hubs for international financial services, attracting businesses and investors from around the globe. Each zone possesses its own distinct legal … Read more
Introduction to Bounced Cheques in the DMCC A bounced cheque, commonly referred to as a dishonored or returned cheque, occurs when a bank refuses to process a cheque due to insufficient funds in the issuer’s account or a closure of the account. In the context of the Dubai Multi Commodities Centre (DMCC), a prominent free … Read more