The DIFC Courts: Opportunities for the Middle East Insurance Market
Type
E-journal
Date
6 Feb 2012
Jurisdiction
Dubai International Financial Centre, Dubai
Taxonomy
General Commercial Law, Companies & Corporate Bodies, Civil Courts, Enforcement of Judgments, Jurisdiction & Choice of Law, Litigation Procedure & Practice
Copyright
LexisNexis
Relevant company
Clyde & Co
Legal reference
Dubai Law No. 16/2011
Cases reference
DIFC Case No. 002/2011, DIFC Case No. 003/2011 DIFC Case No. 002/2011, DIFC Case No. 003/2011 DIFC Case No. 002/2011, DIFC Case No. 003/2011Dubai Law No. 16/2011
Associated digest links
DIFC Court's Jurisdiction Extended, LNB News 26/01/2012 12, More Information on the First Non-DIFC Case at the DIFC Courts, LNB News 19/01/2012 27, DIFC Courts Settle First Non-DIFC Related Case, LNB News 10/01/2012 8
Analysis
The jurisdiction of the DIFC Courts was recently extended to allow parties having no specific connection with the Dubai International Financial Centre to choose to have their commercial disputes resolved by the DIFC Courts
The DIFC Court has also, in two recent judgments given an indication as to how it intends to approach jurisdictional issues.
In this article, Wayne Jones reviews the potential this may have for the Middle East insurance market.