Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 OCTOBER 2019

Updates On DIFC Courts

STA Law Firm
Explore more from STA Law Firm

The Dubai International Financial Center (the <em>DIFC</em>) has introduces a flexible payment scheme for court fees that shall be payable 35% at the time of filing the claim,...

United Arab EmiratesWealth Management
STA Law Firm
STA Law Firm
Author LinkedIn connections

Recent updates on Dubai International Financial Center Courts

  1. The Dubai International Financial Center (the DIFC) has introduces a flexible payment scheme for court fees that shall be payable 35% at the time of filing the claim, 35% at the time of the Code of Market Conduct ( the CMC) and the final payment shall be during the listing of the pre-trial review.
  2. The DIFC Courts conducted a survey in order to understand the preferred and suitable shift timings for the practitioners. In the survey, it was noted that 64% of the ones who participated in the survey considered the time to be from 10 am to 4 pm. However, pursuant to obtaining feedbacks, the DIFC Courts extended the timings from 8.30 am to 4 pm only from Sunday to Thursday.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

The Rise Of Family Offices And Wealth Structures In The UAE

The UAE is becoming an increasingly important base for international family offices and wealth structures, supported by its financial infrastructure, specialist wealth-management frameworks and long-term appeal to internationally mobile families. DIFC and ADGM in particular provide established frameworks for families looking to bring wealth management, governance and succession planning together in the UAE.
United Arab EmiratesWealth Management
The Sovereign Group
The Sovereign Group
Video

Understanding DIFC Foundations (Video)

DIFC Foundations offer families and entrepreneurs a sophisticated legal structure for wealth management and succession planning in the Dubai International Financial Centre. This comprehensive guide explores how these separate legal entities operate through their constitutional documents and Council administration, providing continuity of ownership across generations while separating economic participation from management responsibilities. Understanding the key roles, governance frameworks, and strategic app
United Arab EmiratesWealth Management
Cavenwell Group
Cavenwell Group
Video

DIFC Variable Capital Company (VCC) Structures Overview (Video)

The Dubai International Financial Centre has introduced a Variable Capital Company regime that combines institutional governance with flexible capital management. This comprehensive legal analysis examines how the DIFC VCC operates through segregated cells, variable share capital, and ring-fenced liability structures, offering sophisticated investors a consolidated platform for multi-strategy wealth planning within a respected common law jurisdiction.
United Arab EmiratesWealth Management
Cavenwell Group
Cavenwell Group