Dr. Habib Al Mulla, Chairman of the Dubai Financial Services Authority, addressed a conference of international legal experts at Dubai Chamber of Commerce and Industry yesterday. Apex Juris, pllc, hosted the event.
Apex Juris is based in Seattle, Washington, and Tokyo and specialises in patents, trademarks, copyrights, intellectual property marketing and licensing, and research.
Dr. Habib Al Mulla presented the history and competitive advantages of the Dubai International Financial Centre, and the critical benefits of the world-class regulation provided by the Dubai Financial Services Authority.
Dr. Al Mulla said: “Unlike offshore tax havens, the DIFC is a fully fledged onshore capital market, comparable to New York, London and Hong Kong. It is a window to the region’s massive and growing wealth supported by the most rigorous regulation practice based on the best laws of the world’s leading financial institutions and jurisdictions.”
Dr. Al Mulla added that the DFSA is an Associate Member of the International Organisation of Securities Commissions (IOSCO), the world’s leading body of securities regulators.
He said: “The DFSA regulates all financial and associated services conducted in or from the DIFC. It uses a team of experienced regulators and legal experts drawn from internationally recognised regulatory bodies and major financial
So far, 28 authorised firms and 19 registered ancillary service providers operate at the DIFC, and 50 applications are in process; around 22 DIFC Civil and Commercial Laws have been enacted.
Apex Juris works extensively with Japan and Taiwan-based clients and aims to expand its operations into Europe, North America, Korea, and China.
The Dubai Financial Services Authority (DFSA) is a critical component of the Dubai International Financial Centre (DIFC), a new financial centre established to position Dubai as a recognised hub for institutional finance, and the regional gateway for capital and investment to the Middle East. The DFSA is an independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the Centre, including asset management, banking, securities trading, Islamic finance, re-insurance, and an international financial exchange. The DFSA has been created using principle-based primary legislation modeled closely on that used in London and New York, and the DFSA regulatory regime operates to standards that meet or exceed those applying in the world's major financial centres.
