UAE’s legal structure must evolve as its economy grows | The National:
"An economy becomes more complex as it matures. Just as an economy develops the capacity to handle market complexity, so it must build the capacity to resolve the issues that greater complexity will inevitably generate.
In stock market terms, Arabian Gulf economies have moved from “pioneer" to “emergent". That description would seem to be behind the curve. Even so, the trend is evident.
Gulf states are in the process of developing legal architecture to match. As William Blair, a commercial court judge in England, recently noted: “The importance of commercial justice is linked to economic development." This means setting up specialist courts (or circuits, or lists). It means providing specially trained judges with appropriate expertise. It means encouraging specialist professional competence among advocates."
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