Abu Dhabi’s proposed financial centre reveals its law plans | The National

Abu Dhabi’s proposed financial centre reveals its law plans | The National:



"Abu Dhabi Global Market, the UAE capital’s proposed financial centre, has thrown its plans open for public consultation in the build up to its launch.



The consultation documents – which will form the basis of legislation paving the way for the ADGM’s formal opening – reveal that the market will be based directly on English common law, but influenced by the legal systems applied in two of the world’s biggest financial centres: Singapore and Hong Kong.



The documents also contain detailed proposals for how ADGM will structure company law, insolvency practice, employment and property legislation, as well as its own operating regulations."



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