TY - JOUR
T1 - Dubai : creating a global legal platform?
AU - Kingsley, Jeremy J.
AU - Heap, Melinda
PY - 2019
Y1 - 2019
N2 - Globalisation is a complex economic and ideological notion that has revolutionised commercial realities in recent decades. This transforming mode of commercial arrangement requires a legal ecosystem that weaves its way across and between domestic, international and transnational legal systems and cultures. This article seeks to understand how Dubai has sought to create a global legal platform that is seeking, in essence, to create a de-territorialised legal fiction. In other words, they are seeking to develop a privatised dispute resolution system that operates within and without national borders and jurisdictions. It is arguably establishing a new legal platform to turn globalisation into a tangible legal idea. The Dubai International Financial Centre (DIFC ) is located in downtown Dubai yet aims to operate as if it were offshore. DIFC is composed of the DIFC Dispute Resolution Authority, the DIFC Authority (which functions as an executive body) and the Dubai Financial Services Authority (which regulates banking and finance). Despite being geographically located in downtown Dubai, they have their own rules and dispute resolution system separate from Emirati law and courts. DIFC is consciously a part of making Dubai into a global hub for legal services.
AB - Globalisation is a complex economic and ideological notion that has revolutionised commercial realities in recent decades. This transforming mode of commercial arrangement requires a legal ecosystem that weaves its way across and between domestic, international and transnational legal systems and cultures. This article seeks to understand how Dubai has sought to create a global legal platform that is seeking, in essence, to create a de-territorialised legal fiction. In other words, they are seeking to develop a privatised dispute resolution system that operates within and without national borders and jurisdictions. It is arguably establishing a new legal platform to turn globalisation into a tangible legal idea. The Dubai International Financial Centre (DIFC ) is located in downtown Dubai yet aims to operate as if it were offshore. DIFC is composed of the DIFC Dispute Resolution Authority, the DIFC Authority (which functions as an executive body) and the Dubai Financial Services Authority (which regulates banking and finance). Despite being geographically located in downtown Dubai, they have their own rules and dispute resolution system separate from Emirati law and courts. DIFC is consciously a part of making Dubai into a global hub for legal services.
UR - https://hdl.handle.net/1959.7/uws:69251
UR - https://search-informit-org.ezproxy.uws.edu.au/doi/abs/10.3316/agispt.20190903016405
M3 - Article
SN - 1444-8602
VL - 20
SP - 1
EP - 15
JO - Melbourne Journal of International Law
JF - Melbourne Journal of International Law
IS - 1
ER -