Dubai’s Free Zones Embrace Common Law to Fuel Economic Growth and Global Competitiveness

The Government of Dubai is actively considering the implementation of Common Law in all of Dubai’s Free Zones. This move aims to enrich the city’s business environment and increase its economic appeal and efficiency. Dubai has always been known for its progressive approach to fostering a dynamic and responsive legal framework that caters to the aspirations of investors, ultimately boosting its global competitiveness. This endeavor is in line with the objectives set forth in the Dubai Economic Agenda D33, which seeks to establish Dubai as one of the top three global economic hubs.

At present, the Dubai International Financial Centre (DIFC) operates with its own legal system, heavily influenced by English Common Law. Any discrepancies in the application of DIFC laws can be resolved by referring to English and Welsh laws.

Similarly, the Abu Dhabi Global Market (ADGM) directly applies English Common Law, taking into account the circumstances of the Free Zone and the laws in effect within ADGM at a given time. The common law precedents are continually evolving and automatically integrated into the legal system. English statutes are only applied when explicitly specified in ADGM’s regulations.

By exploring the adoption of Common Law in Dubai’s Free Zones, the government aims to provide a robust and familiar legal framework for international investors, thereby bolstering the city’s attractiveness as a prime investment destination. This move not only aligns with Dubai’s vision of progress and growth but also further strengthens its position as a major player in the global economy.