(a) The Dubai International Financial Centre (the “DIFC” or the “Master Community”) is a unique master community located in the Emirate of Dubai, UAE which acts as a major global financial hub for the Middle East, Africa and South Asia markets providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas.
(b) The DIFC is an independent jurisdiction under the UAE Constitution, with its own civil and commercial laws distinct from those of on-shore Dubai and the wider UAE, although other laws of the UAE or the Emirate of Dubai continue to apply. The DIFC also has its own courts, with judges taken from leading common law jurisdictions including England Singapore and Hong Kong. The DIFC’s independent jurisdiction extends to a range of areas including real estate, corporate, commercial, civil, employment, trusts and securities law matters.
(c) The Master Community has been designed as a 'city within a city' and is mixed use in nature comprising financial, commercial, residential, leisure, hospitality and retail elements to...