Dubai, United Arab Emirates, 2nd December 2009: The DIFC Courts, the Dubai International Financial Centre’s (DIFC) independent, common law judicial system, recently took part in the World Economic Forum event that discussed some of the most pressing issues on the global legal agenda and addressed aspects of establishing, applying and enforcing international rules.
The International Legal System Council panel, which comprised of senior figures from the global legal community, was assigned several topics to debate including; the international regulation of financial markets; the global rule of law ethic; and global enforcement mechanisms. Central to the discussions was the globally accepted need to develop a more integrated international legal system that is less fragmented and decentralised than the current system.
Commenting on the panel, Mark Beer, Registrar at the DIFC Courts, said: “As a UAE Court providing justice to the international business community that operates from the DIFC, the DIFC Courts welcomes the opportunity to discuss and debate the key issues affecting the international legal system. It is testament to the strength of the UAE legal system that the World Economic Forum invited the DIFC Courts to join its panel of esteemed industry experts at this highly significant event. We are encouraged by the discussions that took place and are delighted to have contributed to this unique gathering of the world’s most influential thinkers.”
Professor Philippe Sands QC, Chair of the Council, said: “The Dubai meeting has made a potentially significant contribution to the promotion of the rule of law around the world. We are extremely grateful to Mark Beer, Registrar at the DIFC Courts, for making the time available to join us, and for his active, positive and significant contribution to this important project.”
This is the second consecutive year that the World Economic Forum and the Government of Dubai have hosted the Summit on the Global Agenda. The Summit brought together over 700 council members of the most innovative and relevant minds from over 90 countries — leaders from academia, business, government and civil society — to propose solutions to the key issues and help shape a post-crisis world.