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ABU DHABI – The Abu Dhabi International Market (ADNOC), the independent judiciary of the Abu Dhabi Global Market (ADIB), has issued a consultation paper inviting the public and participants to outline their points of view. views on the proposed laws for litigation funding..
According to the statement, the laws will be applied to dispute settlement agreements as defined in the Abu Dhabi International Market Court Regulations, civil evidence, judgments, enforcement and appointments to the 2015 Judiciary..
The laws must be applied to the financing agreements retained for both litigation and arbitration proceedings taking place in the global market of Abu Dhabi.The consultation document includes the general conditions of the financiers and the types of financing structures ..
The international courts of Abu Dhabi have invited the public and industry participants to submit their comments on draft laws by email by December 5. [email protected].
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