DUBAI: UAE’s Finance Minister Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has approved the Dubai International Financial Center Courts Strategic Work Plan 2022- 2024, which also includes a new international court specialized in the digital economy, reported WAM.
The new court will settle national and international disputes related to emerging technologies which include big data, blockchain technologies, artificial intelligence, cloud services, and robotics.
The DIFC court will also offer multilingual consultancy services.
“The DIFC Courts has strived to set industry firsts, offering a distinctively international and experienced court service proposition, able to deal with the most complex transnational disputes,” said Sheikh Maktoum, who is also president of Dubai International Financial Center.
The three-year plan also outlines a complete digital transformation through advanced technologies to increase the efficiency of dispute resolution at the DIFC.