Sheikh Maktoum approves three-year Dubai International Financial Centre Courts Strategic Work Plan

  • Date: 25-Apr-2022
  • Source: Gulf Business
  • Sector:Financial Markets
  • Country:UAE
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Sheikh Maktoum approves three-year Dubai International Financial Centre Courts Strategic Work Plan

A new three-year plan, the Dubai International Financial Centre (DIFC) Courts Strategic Work Plan 2022-2024, was approved by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and president of DIFC, according to news agency WAM. Consisting of 28 projects, it includes a new international court specialised in digital economy. The plan for such a court was first unveiled in December last year and focuses on settling complex civil and commercial disputes related within the tech space. The new court will deal with national and international disputes related to current and emerging technologies covering big data, blockchain technologies, artificial intelligence, cloud services, unmanned aerial vehicles, 3D printing technologies and robotics. Apart from making a provision for the specialised court for the digital economy, the new strategic plan also includes the establishment of a new centre for Will Deposit in addition to a comprehensive Digital Will Management System and an advanced CRM. The DIFC Courts will also offer multi-lingual consultancy services. The DIFC Courts Strategic Work Plan has a digital technology strategy that envisions the use of AI to aid reduction in clerical burdens, help streamline the case review methodology, create a