The Law of Security 2024 (New Law) came into effect in the Dubai International Financial Centre (DIFC) on 8 March 2024 (Effective Date), replacing the previous Law of Security 2005 (Old Law). Modelled after the UNCITRAL Model...more
DIAC is the Designated Replacement - On 14 September 2021, Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. 34 of 2021 (the “Decree”). The Decree, which took effect on 20 September 2021 and has taken...more