Launch of the new strategic plan for the Dubai Financial Center Courts

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister of Dubai, Deputy Prime Minister and Minister of Finance, has approved the strategy of the Dubai Financial Center Courts.

The strategy for the new Dubai International Financial Center Courts for the years 2022-2024, endorsed by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, aims to develop a legal aid system and achieve more global justice and in line with an advanced work system using the latest modern technologies in procedures and transactions.

Anticipate challenges

Sheikh Maktoum bin Mohammed stressed that the DIFC courts anticipate challenges in the legal field with a sophisticated, intelligent and flexible legal aid system that keeps pace with the Emirate of Dubai and the UAE’s proactive approach in various areas and through the new strategy, strengthening its capacity, capacity and tools to provide the rapid justice required by the global financial, commercial and economic sector, including new disputes arising from more modern and complex digital and technical transactions.

He said: “Today, we have adopted the strategy of the Dubai International Financial Center Courts for the next three years. A new and integrated system that uses modern capabilities and technologies to support the judiciary and resolve disputes in a way that supports the strengthening of Dubai’s leadership and position as a global destination for business and financial activities. ”

He added, “The DIFC courts will focus on implementing projects and initiatives based on digital transformation, applying artificial intelligence in their transactions and procedures, establishing a judicial network, an international court for the digital economy and specialized departments in intellectual property, virtual courts., and other blockchain technologies. The goal is to establish successful global justice and keep pace with developments. ” .

4 main pillars

The strategic plan of the Dubai International Center Courts focuses on following the highest standards of quality in conducting business through 4 main pillars, namely legal expertise, expertise in providing various services, dependence on an infrastructure that provides the latest technical means of communication, in out over formulating and implementing innovative solutions.

The Strategic Action Plan seeks to ensure continuous work towards the integration of the highest international standards of legal proceedings and easy, fast and flexible access to justice in a highly interconnected intelligent judicial system capable of keeping pace with global trade changes and requirements, increases the efficiency of dispute resolution and access to more legal services.

The new plan includes a package of projects and initiatives on approximately 28 projects that support Dubai’s leadership and position as a global business center, and is specifically designed to raise the level of legal expertise, service expertise, communication and innovation, including the launch of a new International Court of Justice for the digital economy, which is to take the lead in resolving disputes related to new technologies. And the establishment of specialized departments in intellectual property and virtual courts with comprehensive and integrated electronic capabilities, the establishment of courts for blockchain technologies and a new system for handling claims and customer relations, the development of a portfolio of digital assets and new mechanisms for certification and authentication services and work to expand cooperation with national, regional and international bodies and institutions. A new center for the deposit of wills in the United Arab Emirates and a system for remote registration of wills. In addition to providing consulting and digital services in multiple languages.

Comprehensive digital system

The strategic plan is based on a comprehensive digital system that ensures the delivery of smart and user-friendly legal systems that are able to keep up with and meet the expected needs of litigation in global trade.

The innovative applications of these technologies will support the ability of DIFC courts’ tools to overcome language barriers, boundaries, currencies and more, as reliance on artificial intelligence will simplify the methodology of reviewing cases, providing a realistic virtual presence, lacking copies of documents, and providing time to perform more important and complex tasks and other procedures that will be developed based on the use of modern technology and artificial intelligence systems.

The future research that will be provided by the DIFC courts will also combine expertise and resources to investigate ways of resolving disputes arising from private and public “blockchain” technology transactions, by including regulatory and contractual clauses in the smart contract. , while the effects of this on data flows are currently being explored through frontiers, digital governance and data management and the provision of information protection and security in business relationships to help promote the digital economy.

To create a new reality

For his part, Judge Omar Al Muhairi, Director of the DIFC Courts, said: “The increasing use of digital platforms, paperless processes and virtual hearings has prompted the formulation of a new reality that invests in and enhances the ability to provide quality services to various parties, and in this context, the DIFC courts will continue to Global, by combining modern and flexible digital infrastructure with legal and service excellence, by setting benchmarks for international commercial courts.

It is noteworthy that in 2021, the DIFC courts launched a new circuit in their courts, the International Digital Economy Court, which aims to simplify the process of resolving complex civil and commercial disputes related to the digital economy, and to review national and international requirements related to current and new technologies, including big data and ICT technologies. Blockchain, cryptocurrency, artificial intelligence and cloud services. In early 2022, the new court commissioned a group of international lawyers and industry experts to draft and adopt new specialized rules for the Digital Economy Court.

The DIFC courts increase their operational efficiency, extend the adoption of digital rulings and orders, and conduct more than 95% of court hearings externally. The DIFC courts will also strengthen their position as the first paperless court in the region in 2021, as it performs 100% of its internal operations and direct customer service completely digitally.

Special project initiatives in the framework of the Future Courts initiative have strengthened the ability of DIFC courts to implement advanced research and development activities and to improve technical solutions in legal departments, such as initiatives based on blockchain technology, programs that support artificial intelligence, and the cloud. -based solutions.

Leave a Reply

Your email address will not be published.