ADGM Courts Issues Public Consult on its Courts FeesADGM FSRA 19/04/2016
19 April 2016, Abu Dhabi, UAE: The Board of Directors of Abu Dhabi Global Market (ADGM) has approved the issuance of a Consultation Paper to invite public comment on the proposed fees for the services provided by ADGM Courts.
In developing the proposed fees, ADGM Court conducted a thorough research of the fees structures across comparable jurisdictions globally. The proposed fees structure has also taken into account that the system of civil justice in ADGM Courts must be accessible, fair and efficient to meet the needs locally and globally. For the proposed Schedule of ADGM Courts Fees, please click on Annexure A, which is also available on www.adgm.com.
The closing date of the public consultation will be on 9 May 2016.
The ADGM Board, on 17 December 2015, enacted the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations together with Rules dealing with a number of matters pertaining to ADGM Courts, including the jurisdiction of the Court of First Instance and certification of enforcement agents.