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Email this article: The DIFC Courts: Opportunities for the Middle East insurance market
Posted: Tue February 7, 2012 7:42 pm
UAE. The jurisdiction of the DIFC Courts was recently extended to allow parties having no specific connection with the Dubai International Financial Centre to choose to have their commercial disputes resolved by the DIFC Courts.
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UAE. Insurers have been prompted to prepare for the effects that VAT and changes to international financial reporting standards (IFRS) will have on their industry as well as assessing the impact of new insurance regulations that came into effect earlier this year.
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