Development of a Jurisdiction: An update on the DIFC Courts
Analysis
As the only common law dispute resolution forum in the UAE, the DIFC Courts have helped to maintain the UAE's position on the world stage as a focal point for all local, regional and international business communities. This article explores four significant developments that have dominated the agenda of the DIFC Courts in the past year.
Developments in Enforcement: Expanded Reach of DIFC Courts' Judgments
The DIFC Courts have been actively signing memoranda of guidance on enforcement with judicial authorities across a number of international jurisdictions with the aim of facilitating the mutual recognition and enforcement of judgments and orders as between the DIFC and those jurisdictions. These memoranda aim to provide additional contractual certainty by establishing procedures for the mutual enforcement of money judgments among those respective jurisdictions.
• United States District Court for the Southern District of New York- 22 March 2015
• The Supreme Court of Singapore- 19 January 2015
• The Federal Court of Australia- 29 March 2014