Abu Dhabi Global Market Issues First Wave of Draft Regulations and Related Consultation Papers On 8 January 2015, the Abu Dhabi Global Market (Global Market), Abu Dhabi’s new financial free zone, located on … (15) of 2013 Establishment of Financial Free Zone in the Emirate of Abu Dhabi Abu Dhabi, the largest emirate in the United Arab Emirates (the ‘UAE’), has established the Abu Dhabi Global Market (‘ADGM’) as a new international financial free trade zone to connect the economies of the Middle East, Africa 4 of 2013 concerning the Abu Dhabi Global Market issued by His Highness the Ruler of the Emirate of Abu Dhabi, hereby enacts the following — 2) Regulations 2016 1. In the same way as the old souq was the physical and economic heart of … In 2013 the Government of the Emirate of Abu Dhabi enacted a law (Abu Dhabi Law No (4) of 2013) to create a further free zone in the UAE, the Abu Dhabi Global Market (ADGM), intended to be a new international financial centre The Commercial Licensing Regulations establish the framework licensing regime for those seeking to conduct business in Abu Dhabi Global Market. Abu Dhabi Global Market has been established in accordance with the Federal Decree No. Abu Dhabi Global Market has been established in accordance with the Federal Decree No. Abu Dhabi Global Market on 14 June 2015. Abu Dhabi Global Market (ADGM), established to provide a broad-based financial services hub for local, regional and international institutions will formally launch in 2015. On 11 February 2021, the Board of Directors of the Abu Dhabi Global Market (the "Board") enacted the regulations set out in paragraph 3 annexed to this notice (the "Regulations"). It was recently announced that Abu Dhabi Global Market (ADGM) was “open for business”. Amendments to the Insolvency Regulations 2015: — 2. Arbitration analysis: John Gaffney, senior counsel at Al Tamimi & Company, Abu Dhabi, explains the key amendments to the Abu Dhabi Global Market Arbitration (ADGM) Regulations 2015 (the 2015 Regulations) and what they or 2. The Abu Dhabi Global Market (ADGM)continues to enhance its legislative framework after recently publishing its fourth round of amendments to the ADGM Insolvency Regulations 2015. The Companies Regulations set out the framework The Companies Regulations set out the framework for companies to establish themselves in ADGM. (15) of 2013 Establishment of Financial Free Zone in the Emirate of Abu Dhabi The Board has directed the Regulations to be published and accordingly they are hereby published on 9 July 2020. Abu Dhabi Global Market Publishes New Commercial Regulations and begins Financial Regulation Consultation By Christopher Lester and Heather Newman on July 14, 2015 Posted in Employment, M&A/ Private Equity, Real Estate, Regulatory, United Arab Emirates Regulations 2015 published by Abu Dhabi Global Market on 14 June 2015. (15) of 2013 Establishment of Financial Free Zone in the Emirate of Abu Dhabi It offers an attractive range of vehicles that can be used by individuals for asset protection and/or succession planning purposes and by businesses involved in international trade or looking for a suitable jurisdiction for their holding company. Abu Dhabi Global Market: Draft regulations and accompanying consultation papers 3 Highlights Companies Regulations The Companies Regulations are based on … On 8 July 2020, the Board of Directors of the ADGM approved a series of amendments to the ADGM Insolvency Regulations 2015. the Insolvency Regulations or a scheme of arrangement in accordance with the Abu Dhabi Global Market Companies Regulations 2020. Abu Dhabi Global Market, the recently-created commercial free zone in the heart of the UAE’s capital city, issued a modern UNCITRAL-based arbitration law on 30 December 2015, pursuant to the “Arbitration Regulations 2015 The recent amendments to the insolvency regime of the Abu Dhabi Global Market (ADGM) fall into the latter category. Short title, extent Abu Dhabi Global Market Brings Core Regulations Into Force The 8 core regulations that will apply to companies operating within the Abu Dhabi Global Market (the ADGM), Abu Dhabi’s financial free zone, have been enacted and brought into force. The Board has directed the Regulations to be published and accordingly they are hereby published on 14 February 2021. Title Abu Dhabi Global Market: The Application of English Common Law Author Barney Reynolds, Thomas Donegan, Marwan Elaraby, Alexander Bevan, Matthew Powell, Jo Rickard, Azad Ali, James Campbell, Aysuria Chang, Simon Insolvency (Amendment) Regulations 2015 Amendments to the Insolvency Regulations 2015 Schedule Insolvency (Amendment No. Creation of the Abu Dhabi Global Market Financial Services Regulations As noted above, the financial services regulations and rule books were published on 21 October 2015. Regulations amending the Insolvency Regulations 2015. Abu Dhabi Global Market Insolvency Regulations 2015 and certain amendments thereto (the ADGM Insolvency Regulations) (other than the scheme of arrangement which is governed by the Companies Regulations 2015 (the )). Abu Dhabi Global Market Publishes New Commercial Regulations and begins Financial Regulation Consultation By Christopher Lester and Heather Newman on July 14, 2015 Posted in Employment, M&A/ Private Equity, Real Estate, Regulatory, United Arab Emirates Abu Dhabi, United Arab Emirates Scope of Role: The Registration Authority (RA) is responsible for administration of matters related to the ADGM Insolvency Regulations 2015, including maintaining a public record of filings related to insolvency proceedings, and issuing guidance. Abu Dhabi Global Market Insolvency Regulations 2015 and certain amendments thereto (the ADGM Insolvency Regulations) (other than the scheme of arrangement which is governed by the Companies Regulations 2020 (the )). Instructions on how to submit a Proof of Debt for a claim together with an FAQ document can be As … Abu Dhabi Global Market has been established in accordance with the Federal Decree No. 4 of 2013 concerning the Abu Dhabi Global Market issued by His Highness the Ruler of the Emirate of Abu Dhabi, hereby enacts the following — The “market” in Abu Dhabi Global Market is, in the original Arabic version of the name, “souq”. Mondaq uses cookies on this website. Close Menu Send Us Your News Regulations amending the Insolvency Regulations 2015. Abu Dhabi Global Market has been established in accordance with the Federal Decree No. Introduction to the Abu Dhabi Global Market The ADGM is one of the principal free zone jurisdictions in the United Arab Emirates (“UAE”). 2. Abu Dhabi Global Market is a financial free zone, with its own civil & commercial laws, the FSRA adopts a risk-based approach rather than a self-regulatory one. (15) of 2013 Establishment of Financial Free Zone in the Emirate of Abu Dhabi Regulations to make provision for the protection of personal data processed or controlled from within the Abu Dhabi Global Market. On 8 July 2020, the Board of Directors of the Abu Dhabi Global Market (the "Board") enacted the regulations set out in paragraph 3 annexed to this notice (the “Regulations”). Date of Enactment: 4 October 2015 The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers under Article 6(1) of Law No. Date of Enactment: 4 October 2015 The Board of Directors of the Abu Dhabi Global Market, in exercise of its powers under Article 6(1) of Law No. This memorandum provides a brief overview of the Companies Regulations 2015 published by Abu Dhabi Global Market on 14 June 2015.

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