UAE, Hong Kong law institutions to facilitate business confidence – Gulf Today

UAE, Hong Kong law institutions to facilitate business confidence – Gulf Today

Officials after the signing ceremony.

The Dubai International Financial Centre (DIFC) Courts has signed a cooperation agreement with The Law Society of Hong Kong, one of Asia’s leading financial centres.

The agreement was signed as part of a Hong Kong delegation visit to Dubai, which also included Paul Lam SC, Secretary for Justice of the Hong Kong Special Administrative Region Government, and the Hong Kong Trade Development Council (HKTDC).

Speaking at the signing, Justice Omar Al Mheiri, Director of DIFC Courts, said, “The development of modern commercial courts should rank among the region’s foremost achievements of the last two decades; not the facilities themselves, but rather the certainty that they have brought to the domestic and international businesses and individuals operating in the region.

“Connectivity is one of the four mission pillars of the DIFC Courts, and crafting productive partnerships underpins this objective. By working together with other legal bodies from across the world to explore practical synergies, and by sharing best practices, we will be best able to support our respective business communities and the economic success of our respective states.”

The agreement will serve as a mechanism to foster investor confidence and cultivate further access to justice. It will also aid