Introduction to ADGM and FSMR The Abu Dhabi Global Market (ADGM) was established in 2013 as an international financial center in the United Arab Emirates. The creation of ADGM represents a strategic initiative to enhance the UAE’s position as a global financial hub, attracting a diverse range of financial services providers and fostering a robust, … Read more
Introduction to ADGM Financial Services and Markets Regulations (FSMR) The Abu Dhabi Global Market (ADGM) Financial Services and Markets Regulations (FSMR) 2015 represent a pivotal framework designed to enhance the regulatory landscape for financial services within the ADGM. Established as part of Abu Dhabi’s strategy to foster a diversified economy, the FSMR aims to provide … Read more
Introduction to ADGM and FSMR The Abu Dhabi Global Market (ADGM) is a financial free zone located in Abu Dhabi, the capital of the United Arab Emirates (UAE). Established in 2013, ADGM serves as an international financial center, facilitating the growth and development of a diverse range of financial services. The core objective of ADGM … Read more
Introduction to ADGM and FSMR 2015 The Abu Dhabi Global Market (ADGM) serves as an international financial center within the United Arab Emirates, strategically positioned to support the growth and diversification of the UAE’s economy. Established in 2013, ADGM has emerged as a vital hub for financial services, attracting a diverse range of global and … Read more
Introduction to Dubai Law No. 9 of 2004 Dubai Law No. 9 of 2004 was implemented to establish the Dubai International Financial Centre (DIFC), a key initiative designed to enhance the emirate’s financial landscape. The primary objective of this legislation is to create a robust and modern financial ecosystem that attracts both local and international … Read more
Introduction to ADGM The Abu Dhabi Global Market (ADGM) was established in 2013 as a key part of the United Arab Emirates’ efforts to diversify its economy and enhance its position as a prominent financial hub. Strategically located on Al Maryah Island in Abu Dhabi, ADGM serves as an international financial center that aims to … Read more
Introduction to DIFC The Dubai International Financial Centre (DIFC) stands as a symbol of Dubai’s ambition to emerge as a leading financial hub in the Middle East and around the globe. Established in 2004, DIFC has positioned itself as a key player in the region’s financial landscape, providing a conducive environment for businesses and financial … Read more
Introduction to Conduit Jurisdiction Conduit jurisdiction refers to a unique legal framework that allows financial institutions to operate as intermediaries within a specific jurisdiction, often for the purpose of facilitating international banking transactions. This concept is particularly pertinent in the context of financial services and international trade, as it enables entities to conduct operations in … Read more
Introduction to the Case The case of DNB Bank ASA v. Gulf Eyadah represents a significant legal matter involving intricate issues of jurisdiction, particularly within the context of the Dubai International Financial Centre (DIFC). DNB Bank ASA, a prominent Norwegian financial institution, found itself embroiled in a dispute with Gulf Eyadah, a commercial entity operating … Read more