VOL. XLV

No 21

27-May-2002

UAE

DIFC Moves Ahead With Plans To SetUp Legal Framework

The DubaiInternational Financial Center (DIFC), which was officially launched on 16February (MEES, 25 February), ismoving ahead with its setup plans and has started to draft the laws that willgovern its various roles as regulator, stock market provider and licenser. Thismonth, it appointed international law firm Clifford Chance to assist on thelegal side, and completion of the legal framework is scheduled for the...