Dubai International Financial Centre (DIFC)
Dubai International Financial Centre (DIFC) is an onshore financial center strategically located to fill the time-zone gap for a global financial center between the leading financial centers of London and New York in the west and Hong Kong and Tokyo in the east. At the heart of the DIFC model is an independent risk-based regulator, the Dubai Financial Services Authority (DFSA), which grants licenses and regulates the activities of all banking and financial institutions in DIFC. As part of its autonomy, Dubai International Financial Centre has created an independent judicial system. The Dispute Resolution Authority (previously DIFC Courts) is the entity responsible for the independent administration and enforcement of justice in DIFC. The DRA have exclusive jurisdiction over all civil and commercial disputes arising within DIFC and or relating to bodies and companies registered in DIFC.
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