Thursday 3 November 2011

Dubai joins race to be global legal centre - FT.com

Dubai International Financial Centre, home of the court that will now take cases from anywhere in the world
Dubai has thrown its international financial court open to cases from anywhere in the world in the latest effort by a Gulf state to make itself a lucrative global legal centre.

The United Arab Emirates is vying with neighbours such as Qatar to woo big multinationals to fight out litigation in well-financed courts with leading judges imported from England and elsewhere.

The effort to create rootless international courts that do not require cases to have any connection with the country is seen in the legal world as intriguing, although some observers say there are doubts as to whether it can succeed.

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