Episode 01.1 · DFSA Compliance Series
How does a common law financial free zone exist inside a civil law country like the UAE?
It starts with Article 121 of the UAE Constitution and Federal Law No. 8 of 2004, which exempt the DIFC from UAE federal civil and commercial law in favour of English common law. Federal criminal law — including AML legislation — still applies, and disputes are resolved by the DIFC Courts.
Episode 1.1 — Chapter 1: Constitutional Architecture & Jurisdictional Scope | DFSA & DIFC Compliance Masterclass series.
Follow @arakan-forensic for the next episode as this series continues, chapter by chapter.
Educational Media. Not Legal Advice.
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Arakan Lexara Weekly
Key developments and what they mean, what firms are asked to do, and the deadlines coming up — from the DFSA, FSRA, VARA, CBUAE, FTA and more. Read the latest