News Releases

Mohammed Bin Rashid Amends DIFC Law 

Vice President and Prime Minister of the UAE, H.H. Sheikh Mohammed Bin Rashid Al Maktoum, has issued in his capacity as Ruler of Dubai a law amending law 9 for 2004 on Dubai International Financial Centre.

 

The law stipulates replacing texts of articles 3 and 5 of the law with the respective texts: Article 3: The DIFC shall have the following entities: A. Dubai International Financial Centre Authority B. Dubai Financial Services Authority C. DIFC Courts Article 5: The DIFC shall have a Board of Directors headed by the Chairman, with members who are appointed by virtue of a decree by the Ruler. The members shall include the Governor and Chairmen of the authorities mentioned in article 3.