Singapore International Arbitration Centre (SIAC) entered a Memorandum of Understanding (MoU) with the ADGM Arbitration Center (ADGMAC) on April 8, 2021, to promote international arbitration for resolving international disputes. SIAC and ADGMAC will join hands to host conferences, workshops, and seminars on International Arbitration in UAE and Singapore. They will mutually help when arbitration hearings...
The ADGM RA and the Registrar of Companies in the Israeli Corporation Authority signed a Statement of Corporation (SoC) to improve business opportunities between both places and to facilitate their registration functions. The SoC will promote partnerships between Israeli and UAE businesses. Additionally, the pact will enable professional knowledge sharing and the possibility of give-and-take...
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) warned the financial services community and public about the false claims made by Almena Financial Brokers and Abu Dhabi Financial Brokers on their respective websites. The Brokers claimed that they are given the authority by the FSRA. This gave a wrong notion that...
ADGM enacted the Electronic Transactions Regulations 2021 to provide greater certainty for electronic dealings. As a result, ADGM’s regulatory framework is in line with international standards on e-commerce and electronic dealing. The objective is to confirm that electronic signatures, contracts, records and documents are legally valid as the traditional non-electronic versions. Related Services: General Corporate...
The Abu Dhabi Global Market (ADGM) launched new Data Protection Regulations (“the Regulations”) on 14th February 2020, replacing the 2015 version. The new regulations broadly align itself with the European Union’s General Data Protection Regulation (GDPR), which is considered to be the gold standard for data protection legislation. Key Features of The Regulations The new...
The International Chamber of Commerce (ICC) and Abu Dhabi Global Market (ADGM) announced the opening of an ICC case management office in Abu Dhabi, UAE. The existing activities of the ICC MENA region will be integrated into this new case management structure, as agreed by ICC and ADGM. Related Services: ADGM Practices Operations are expected...
UAE has multiple options when it comes to Corporate Insolvency. This article is the first in a series, detailing Corporate Insolvency options in UAE. ADGM being one of the most advanced in the country, with certain provisions comparable to U.S. options, is being examined in the first one of the series. The Abu Dhabi Global...
