Dubai, UAE, 29 November 2016: The continued strengthening of the UAE's legal infrastructure will bring more foreign investment to the region, according to Links Group, one of the UAE's leading providers of commercial facilitation and advisory services.
“Much effort has been placed by the country's leadership to create a competitive and prosperous economy with a legal framework that is aligned to international standards. As part of the UAE's National Vision 2021, there have been several upgrades in major legislations, particularly those related to economic infrastructure and investment in the country.
“The recent opening of specialist barristers' chambers by London's Outer Temple Chambers (OTC) in the Dubai International Financial Centre (DIFC) reinforces the progressive measures Dubai is taking to provide a secure business environment for foreign investors. Risk mitigation and beneficial ownership protection are main concerns of foreign companies, which is why recognition of international judiciaries is so important for strengthening legal and trade relations,” said John Martin St.Valery, Founder and CEO of Links Group.
“Businesses can benefit from the Chambers' services whether registered in the DIFC or not. In addition to its specialist legal offering, the OTC is looking to introduce knowledge transfer schemes that focus on the development of Emirati practitioners. After training and experience in both the DIFC and UK, the barristers will be able to practice international standard law in the UAE's local court system. This will be important for the sustainable growth of both the sector and the economy.
“OTC's ability to enforce contracts or judgments through English Common Law is also highly beneficial for meeting the UAE's trade and investment targets. As the UAE's commercial judicial system continues to strengthen, we expect investment flow into the country will gather significant momentum.'