Gulf News reported that nine out of the more than 20 laws of the Dubai International Financial Center (DIFC) have been prepared and waiting for the final ratification by the Dubai Authorities.
Chief Commissioner of the DIFC Regulatory Authority stated that the DIFC team is working on the remaining laws and they are expected to be complete within 2-3 months. The laws awaiting final endorsement include the Company Law, Insolvency Law and Partnership Law considered very crucial for the DIFC.
It is worth noting that the regional stock market in Dubai, which has been the talk of the regional corporate world, will also be set up some time next year. A dedicated team is in place to expedite the formation of the stock market.
More details are available on www.gulf-news.com