Dubai International Financial Centre (DIFC) is an onshore financial centre strategically located between the East and West, which provides a secure and efficient platform for business and financial institutions to reach into and out of the emerging markets of the region. DIFC fills the time-zone gap for a global financial centre between the leading financial centres of London and New York in the West and Hong Kong and Tokyo in the East. Guided by its core values of integrity, transparency and efficiency, DIFC is playing a pivotal role in meeting the growing financial needs of the region.
DIFC has been designed as a ‘city within a city’ that provides a complete range of business and lifestyle facilities for today’s professionals. The infrastructure within the financial district features ultra-modern office space, retail outlets, restaurants, art galleries, residential apartments and hotels. DIFC has quickly established itself as one of the most fashionable addresses in Dubai.
DIFC is unique in that it has a legislative system consistent with English Common law. Given its construct, DIFC has its own set of civil and commercial laws and regulations and has developed a complete code of law governing financial services regulation. As part of its autonomy, DIFC has created an independent judicial system. The DIFC Courts are the entity responsible for the independent administration and enforcement of justice in DIFC. The Courts have exclusive jurisdiction over all civil and commercial disputes arising within DIFC and or relating to bodies and companies registered in DIFC.
Brief information about DIFC rules and procedures:
18. How does DIFC regulate wills?
The UAE is the first jurisdiction in the Middle East where non-Muslims can make a will under international-recognized Common Law principles. The Wills and Probate Registry (The Registry), a public entity of the Dubai government, is an ancillary body of DIFC’s Dispute Resolution Authority (DRA) established by Resolution No. 4 of 2014 issued by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the President of the DIFC. The Registry has been established under the jurisdiction of the DIFC Courts, allowing it to operate as a distinct entity. For more information please visit http://difcprobate.ae/ and please contact Exclusive Links on firstname.lastname@example.org for our DIFC Specialist Client Manager assistance.
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