Mohammed bin Rashid issues law on DIFC Courts – Business – Economy and Finance

In his capability because the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Regulation No. (2) of 2025, pertaining to the Dubai Worldwide Monetary Centre Courts (DIFC Courts).

Provisions of the brand new regulation search to control the judicial and administrative elements of the DIFC Courts alongside current DIFC laws.

The regulation additionally defines the jurisdictional remit and ensures the unbiased operation of DIFC Courts, together with the Courtroom of Enchantment, the Courtroom of First Occasion, and the Small Claims Tribunal. It additionally outlines the procedural framework for the appointment of the Chief Justice and the Director of the Courts and their respective duties.

The brand new regulation provides another dispute decision pathway by establishing a Mediation Centre, the place events can amicably resolve their disputes with the assistance of mediators registered with the DIFC Courts. The president of the DIFC is answerable for defining its operational framework, jurisdiction, and the procedures to be adopted.

Below the brand new regulation, the DIFC Courts have unique jurisdiction to listen to and resolve civil, industrial, and labour claims involving the DIFC’s our bodies or establishments, whether or not filed by or in opposition to them, or wherein they’re a celebration. In addition they deal with claims involving the DIFC’s our bodies, establishments, actions, and workers, in addition to issues associated to belief deeds, non-Muslim wills, and the popularity or enforcement of arbitration awards beneath DIFC arbitration regulation.

The regulation additionally grants the DIFC Courts jurisdiction to listen to requests for provisional and protecting measures associated to circumstances beneath their jurisdiction, together with identification and asset inquiries. The courts additionally deal with requests or arbitration procedures filed exterior the DIFC, supplied applicable protecting measures are taken throughout the Centre.

The regulation outlines the jurisdiction of the DIFC Courts, overlaying litigation and proof procedures, pressing issues, enforcement, exceptions to the compensation bond requirement, technical defects, procedural errors, and statutes of limitations.

The regulation replaces DIFC Regulation No. (10) of 2004 and Regulation No. (12) of 2004 in regards to the DIFC Courts. This regulation additionally annuls any conflicting provisions in different laws. Rules and choices issued beneath Regulation No. (10) of 2004 and Regulation No. (12) of 2004 will stay in impact, supplied they don’t contradict the provisions of Regulation No. (2) of 2025, till new laws and choices are launched to switch them.

This regulation will likely be printed within the Official Gazette and can take impact the day after its publication.

Leave a Reply

Your email address will not be published. Required fields are marked *