On 17 October 2018, the Abu Dhabi Global Market ('ADGM
') launched its arbitration centre.
The Registration Authority of Abu Dhabi Global Market (ADGM
) has published two consultation papers inviting comments from ADGM-registered entities, advisors and stakeholders on proposed guidance regarding its approach to the imposition of fines for (a) late filings of annual accounts and (b) for late commercial licence renewals.
Since opening its doors in late 2015, ADGM
has continually established initiatives to provide an ideal environment and ecosystem for entrepreneurs.
Taking advantage of the innovative and pro-business environment provided by ADGM
, Cash Express will harness the state of art technology to achieve unprecedented speed of operations and services, as well as compliance tools that enable the agents to deliver more superior customer service.
Sayegh, Chairman at ADGM
and His Excellency Mohamed Al Hussaini, Chairman at
Ahmed Ali Al Sayegh, Chairman of ADGM
, said, "A robust legal system based on a legislative framework that meets international financial services standards is at the core of Abu Dhabi Global Market's value proposition.
The panel is intended to help ADGM
to support the development of a draft regulatory framework, which would govern operations of institutions licensed to operate from ADGM
The Memorandum of Understanding (MoU) sets the framework for ADGM
and Beijing Municipal Bureau to support leading financial institutions of key sectors including investment management, wealth management, financial technology, and sustainable finance (green finance) of Abu Dhabi and the Middle East region seeking to explore and establish their businesses in Beijing, the capital of the Peoples Republic of China.
Four key investment principles guide Abu Dhabi Catalyst Partners: to positively impact the financial ecosystem; build on Abu Dhabi's and ADGMs
completive advantages; meet target returns; and create sustainable jobs in ADGM
The digital courtroom, according to ADGM
Courts, is part of its commitment to delivering an innovative and world-class dispute resolution jurisdiction that responds to the dynamic needs of businesses and investors and defines the quality and delivery of judicial services for the future.
The Abu Dhabi Global Market Courts (ADGM
Courts), the internationally recognised, independent courts of ADGM
, launched a fully digital courtroom at the ADGM
Building on Al Maryah Island on Sunday.
Anchored in the financial free zone of Abu Dhabi, the ADGM
Arbitration Centre offers advanced technology and world-class hearing facilities for local and global parties to resolve their disputes through arbitration or mediation without geographic constraints, according to a statement on Wednesday.