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Legal Developments worldwide


March 2010 - Corporate & Commercial. Legal Developments by Afridi & Angell.

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Country Q&A United Arab Emirates - There are several free zones in the UAE and each free zone has its own regulations for creating security interests by entities licensed within that zone and/or over property located within it. However, aside from the creation and enforcement of security interests in the UAE, this chapter is restricted to security interests in the Dubai International Financial Centre (DIFC) and in the Jebel Ali Free Zone Authority (JAFZA), the first free zones in the UAE around which the laws of most other free zones are modelled.