Emirates News Agency – Maktoum bin Mohammed approves Dubai International Financial Center’s new strategic plan

It includes 4 main pillars and extends to the year 2024.

Maktoum bin Mohammed approves the new strategic plan for the courts of the Dubai International Financial Center to support the emirate’s position as a global destination for financial and business activities.

Strategic plan for the Dubai International Financial Center Courts 2022-2024.

The launch of a new international court for the digital economy to lead the way in resolving disputes related to emerging technologies.

– A new center for the deposit of wills in the United Arab Emirates.

– A new system for remote registration of wills.

– A new claims management system and a unified customer relationship management system.

– Specialized departments in the field of intellectual property, virtual courts with comprehensive and integrated electronic capabilities, and courts for blockchain technologies.

A portfolio of digital assets and new mechanisms for substantiation and verification services.

Providing consulting and digital services in various languages.

Maktoum bin Mohammed: Today we approved the strategy of the Dubai International Financial Center Courts for the next three years. . A new and integrated system that uses modern capabilities and technologies to support the judiciary and resolve disputes in a way that strengthens Dubai’s leadership and position as a global destination for business and financial activities.

Maktoum bin Mohammed: The DIFC courts will focus on the implementation of projects and initiatives based on digital transformation, the use of artificial intelligence in their transactions and procedures, the establishment of a judicial network, an international court for the digital economy, specialized intellectual property departments, virtual courts, and other blockchain technologies.

The goal is to consolidate a successful global justice and keep pace with developments.

DUBAI, 24 April / WAM / His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Governor of Dubai, Deputy Prime Minister, Minister of Finance and President of the Dubai International Financial Center, unveils the new DIFC Courts Strategy for the years 2022- approved. 2024, which aims to develop a judicial support system and achieve more elaborated justice worldwide and in line with a developed work system that uses the latest modern technologies in procedures and transactions.

His Highness Sheikh Maktoum bin Mohammed emphasized that the DIFC courts expect challenges in the judicial field, with a sophisticated, smart and flexible judicial support system, which keeps pace with the proactive approach of the Emirate of Dubai and the UAE in various areas, and through the new strategy, which enhances its capacity, capabilities and tools, in providing the effective justice required by the global financial, commercial and economic sector, including emerging disputes arising from transactions of a more modern and complex digital and technical nature.

His Highness said: “Today we have approved the strategy of the Dubai International Financial Center Courts for the next three years. A new and integrated system that uses modern capabilities and technologies to support the judiciary and resolve disputes in a way which strengthens Dubai’s leadership and its position as a global destination for business and financial activities. ”

His Highness added, “The DIFC courts will focus on the implementation of projects and initiatives based on digital transformation, the use of artificial intelligence in their transactions and procedures, the establishment of a judicial network, an international court for the digital economics, specialized departments in intellectual property, virtual courts and other blockchain technologies.

The aim is to consolidate global justice and keep pace with developments.

The strategic plan of the Dubai International Center Courts focuses on adhering to the highest standards of quality in business, through 4 main pillars, namely judicial excellence, excellence in providing various services, trust in an infrastructure that provides the latest technical means of communication , in addition to the formulation and implementation of innovative solutions.

The strategic action plan seeks to ensure continuous work to integrate the highest international standards of legal proceedings, and ease of rapid and flexible access to court services in a highly interconnected smart court system capable of keeping pace with global trade changes and requirements, which improves efficiency. of dispute resolution and access to various court services.

The new plan includes a package of projects and initiatives covering approximately 28 projects that support Dubai’s leadership and position as a global business center, and is specifically designed to increase the level of judicial excellence, service excellence, communication and innovation, including the launch of a new international court for the digital economy to lead the way in resolving disputes related to emerging technologies. And the establishment of specialized departments in the field of intellectual property and virtual courts with comprehensive and integrated electronic capabilities, the establishment of courts for blockchain technology and a new system for managing claims and customer relationships, developing a portfolio of digital assets and new mechanisms for certification and verification services, and work to expand cooperation with national, regional and international bodies and institutions. A new center for the deposit of wills in the United Arab Emirates and a system for registering wills remotely. In addition to providing consulting and digital services in multiple languages.

The strategic plan relies on a comprehensive digital system, ensuring the provision of smart and easy-to-use court systems capable of keeping up with and meeting the expected needs of global trade litigation proceedings keep.

The innovative applications of these technologies will support the ability of DIFC courts’ tools to overcome language barriers, borders, currencies and others, as reliance on artificial intelligence will simplify the case review methodology, create a realistic virtual presence provided, and copies will be waived. of documents, and to allow time to perform more important and complex tasks And other procedures that will be developed based on the use of modern technology and artificial intelligence systems.

The future research that will be provided by the DIFC courts will also combine expertise and resources to study ways to address disputes arising from private and public “blockchain” technology transactions, through regulatory and contractual clauses in the smart contract while the implications of this on data flow are currently being studied through Borders, digital governance and data management, and the assurance of information protection and security in business relationships to help advance the digital economy.

Judge Omar Al Muhairi, Director of the DIFC Courts, in turn said: “The increasing acceptance of digital platforms, paperless processes and virtual hearings has spurred the formulation of a new reality that invests in and improves opportunities to provide quality services to various parties, and in this context the DIFC courts will continue to Global by combining a modern and flexible digital infrastructure with judicial and service excellence, setting standards for international trade courts.

It is noteworthy that in 2021, the DIFC courts launched a new circle in their courts, the International Digital Economy Court, which aims to simplify the process of resolving complex civil and commercial disputes regarding the digital economy, and to national and international demands related to the review of to current and emerging technologies, including big data and ICT technology. Blockchain, cryptocurrency, artificial intelligence and cloud services. At the beginning of 2022, the new court commissioned a group of international jurists and industry experts to draft and adopt new specialized rules for the Digital Economy Court.

The DIFC courts increase their operational efficiency, expand the acceptance of digital orders and rulings, and hold more than 95% of court sessions remotely. The DIFC courts will also strengthen their position as the first paperless court in the region in 2021, as it carries out 100% of its internal operations and directs customer services completely digitally.

Special project initiatives within the framework of the Future Courts initiative have improved the ability of the DIFC courts to implement advanced research and development activities, and to improve technical solutions in court departments, such as initiatives based on blockchain technology, programs that provide artificial intelligence support, and cloud-based solutions.

– Ml -.

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