IslamicFinance.de

Jawad I. Ali, Managing Partner of King & Spalding LLP’s Middle East offices, emphasizes the importance of the Dubai International Financial Centre (DIFC) as a financial and capital center for all kinds of operations in the Middle East. Besides, the jurisdiction of the DIFC courts was expanded, now anybody can opt in their contracts to subject them to the DIFC law. The laws itself are modeled after English common law, and the official language of the DIFC courts is English. That’s why it is expected that the DIFC courts will soon become a major center for dispute resolution.