DIFC Law No. 10 of 2005 relating to the Application of DIFC Laws

PART 1 — GENERAL 

1. Title 

This Law may be cited as the “Law Relating to the Application of DIFC Laws 2004". 

2. Legislative authority 

This Law is made by the Ruler of Dubai. 

3. Application of the Law 

This Law applies in the jurisdiction of the Dubai International Financial Centre. 

4. Date of Enactment 

This Law is enacted on the date specified in the Enactment Notice in respect of this Law. 

5. Commencement 

This Law comes into force on the date specified in the Enactment Notice in respect of this Law. 

6. Interpretation 

Schedule 1 contains: 

a. interpretative provisions which apply to this Law; and 
b. a list of defined terms used in this Law. 

PART 2 — SCOPE 

7. Limitation on scope 

1. The Law shall not apply to: 

a. rights and obligations under negotiable instruments to the extent such rights and obligations arise out of their negotiable character; 
b any question of capacity or authority of natural persons, bodies corporate or other organisations; 
c. any question of capacity or authority of an agent not appointed under a contract; or 
d. any rights or obligations arising from the creation or w...