Creation of the Abu Dhabi Global Market

    October 2015

    In 2013 the Government of the Emirate of Abu Dhabi enacted a law (Abu Dhabi Law No (4) of 2013) to create a further free zone in the UAE, the Abu Dhabi Global Market (ADGM), intended to be a new international financial centre, operated and regulated in accordance with international best practices that are recognised by major global financial centres. The ADGM has its own civil and commercial legal regime, based on and incorporating aspects of English law, overseen by a regulator, the Financial Services Regulations Authority. The ADGM also has its own internal court system, the Global Market Courts, consisting of a Court of First Instance and a Court of Appeal.