ADGM Courts issue Public Consultation on Litigation Funding Rules

Litigation Finance Primer

Abu Dhabi, UAE : ADGM Courts, the internationally recognised independent courts of ADGM, have issued a consultation paper inviting comments from the industry and the public on the proposed litigation funding rules (“Rules”) which are to apply to litigation funding agreements as defined in the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations 2015.  The proposed Rules will set out the highest standards of best practice in litigation funding for Abu Dhabi and wider UAE.

Third party funding has become a common component in financing litigation and arbitration proceedings in many leading civil and common law jurisdictions.  The Rules have taken into consideration the frameworks that are in place in other international jurisdictions where third party funding is common practice.

The proposed Rules will provide parties with greater certainty on the enforceability of funding arrangements that have been entered into in connection with proceedings in ADGM. It is intended that the Rules will apply to funding agreements used in connection with both court litigation and arbitration proceedings conducted in ADGM.   The public consultation includes the conditions and requirements of the funders and the types of funding structures.

ADGM Courts invite industry participants and the public to submit their comments on the proposed Rules by 5 December 2018 to courtsconsultation@adgm.com

For more details of the consultation, please click here.

About ADGM Courts:

ADGM Courts, the latest and most progressive judicial framework in the Middle East, are one of three world-class and independent authorities under ADGM supporting Abu Dhabi’s commitment to provide an innovative, efficient and dynamic business environment that fosters continuous economic growth.  ADGM is the first jurisdiction in the Middle East that directly applies the well-established and internationally accepted principles of English common law.

Fully operational since May 2016, ADGM Courts are anchored by a judiciary of highly experienced and eminent judges from the world’s leading common law jurisdictions. ADGM Courts are made up of a Court of First instance and a Court of Appeal that handle civil and commercial disputes. With “innovation” as part of their DNA, ADGM Courts are “digital” by default and continue to transform the engagement and delivery of judicial and dispute resolution services via their e-platform.

As an integral member of Abu Dhabi’s judicial system, ADGM Courts will continue to establish strategic relationships for local and international judicial cooperation to advocate and uphold the highest level of international practice.   ADGM Courts’ collaborations include Abu Dhabi Judicial Department, the UAE Ministry of Justice, Ras Al Khaimah Courts, RAK International Corporate Centre, the Commercial Court, Queen’s Bench Division, England and Wales, the High Court of the Hong Kong Special Administrative Region of the People’s Republic Of China, the Supreme Court of New South Wales, the Federal Court of Australia, the Supreme Court of the Republic of Singapore, and the list continues to grow and strengthen.

For more information Kindly contact:

Afra AL Rashdi

Senior Manager – PR and media

Afra.alrashdi@adgm.com

Tel: +971 56 4777 7797

© Press Release 2018

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