By Evan Abrams
Abu Dhabi has
been actively seeking to diversify its economy away from the energy sector it
has been so dependent on. Part of this effort is the proposed Abu Dhabi Global
Market, a financial center designed to attract banking and finance business
from around the world. According to The
National, a UAE newspaper, newly released documents show the market will be
based primarily on English common law with some elements from Singapore and
Hong Kong. Certain English statutes, such as those governing contracts and
partnerships will also be utilized.
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