26 September 2018, Abu Dhabi, UAE: Abu Dhabi Global Market Courts (ADGM Courts), ADGM’s internationally recognised independent courts, announce the appointment of the Right Honourable Dame Elizabeth Gloster – the first woman to be appointed to the UK Commercial Court in 2004.
Effective 4 October 2018, Dame Elizabeth will assume her role as an ADGM Courts Judge. Her appointment follows the retirement of the Right Honourable the Lord Saville.
H.E. Ahmed Ali Al Sayegh, Chairman of ADGM, commented: “Lord Saville was one of the first members of ADGM Courts and played a key role in their establishment. His unwavering dedication and commitment to ADGM and ADGM Courts has been a major contribution to our success and we will always be grateful for his outstanding service and dedication to his role. As Lord Saville retires from his role, we are delighted to welcome Dame Elizabeth to ADGM Courts. Throughout her impressive global career, Dame Elizabeth has demonstrated a formidable analytical legal mind and has played a pivotal role in transforming the UK commercial legal landscape. As we continue to develop Abu Dhabi into a leading global centre for business and finance, we are confident that Dame Elizabeth’s addition to the judiciary of ADGM Courts will be indispensable to our offering and valued customers.”
The Right Honourable Lord David Hope of Craighead KT, Chief Justice of ADGM Courts, added: “Dame Elizabeth brings vast commercial and financial experience in the legal sector spanning more than two decades. Her thorough knowledge and understanding of English Common Law on which ADGM Courts are based will help ensure that we are able to continue to provide the financial institutions, companies and entities based at ADGM with the highest standards of legal services needed to succeed in today’s global business landscape. We have several exciting developments in the pipeline, and we are certain that Dame Elizabeth will apply her wealth of experience and expertise to contribute to the further advancement of the services provided by ADGM Courts. This will undoubtedly pave the way for increased investor interest in those services from around the world”.
In her previous role as High Court Judge in the Commercial Court, Dame Elizabeth was responsible for many important commercial and financial markets cases. She sat on several key commercial and Chancery trials, ranging from capital markets, arbitration, shipping, insurance, tax, trust and insolvency to LIBOR fixing. More recently, she was appointed to the Court of Appeal and was Vice-President of the Civil Division of the Court.
Dame Elizabeth was also a Nominated Judge of the UK Judicial Conduct Investigations Office, where she provided consultation to the Lord Chancellor and the Lord Chief Justice. She was appointed in 2016 by the Master of the Rolls as the Chair of the Disclosure Working Party to increase efficiency and cost-effectiveness of disclosure procedures. For 2018, Dame Elizabeth is also the Treasurer of the Honourable Society of the Inner Temple. ADGM is the first jurisdiction in the Middle East that directly applies the well-established and internationally accepted principles of English common law. ADGM Courts’ bench is made up of highly experienced and eminent judges from leading common law jurisdictions around the world. ADGM Courts consist of a Court of First instance and a Court of Appeal that manage civil and commercial disputes. With a focus on innovation, and in line with the UAE’s National Agenda, ADGM Courts offer digitalised judicial and dispute resolution services via their online platform.
About ADGM Courts:
ADGM Courts, the latest and most progressive judicial framework in the Middle East, are one of three world-class and independent authorities under ADGM supporting Abu Dhabi’s commitment to provide an innovative, efficient and dynamic business environment that fosters continuous economic growth. ADGM is the first jurisdiction in the Middle East that directly applies the well-established and internationally accepted principles of English common law.
Fully operational since May 2016, ADGM Courts are anchored by a judiciary of highly experienced and eminent judges from the world’s leading common law jurisdictions. ADGM Courts are made up of a Court of First instance and a Court of Appeal that handle civil and commercial disputes. With “innovation” as part of their DNA, ADGM Courts are “digital” by default and continue to transform the engagement and delivery of judicial and dispute resolution services via their e-platform.
As an integral member of Abu Dhabi’s judicial system, ADGM Courts will continue to establish strategic relationships for local and international judicial cooperation to advocate and uphold the highest level of international practice. ADGM Courts’ collaborations include Abu Dhabi Judicial Department, the UAE Ministry of Justice, Ras Al Khaimah Courts, RAK International Corporate Centre, the Commercial Court, Queen’s Bench Division, England and Wales, the High Court of the Hong Kong Special Administrative Region of the People’s Republic Of China, the Supreme Court of New South Wales, the Federal Court of Australia, the Supreme Court of the Republic of Singapore, and the list continues to grow and strengthen.
About Abu Dhabi Global Market:
Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by UAE Federal Decree as a broad-based financial centre, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance. It serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
Based in Abu Dhabi, home to one of the world’s largest sovereign wealth funds and one of the highest concentrations of high-net-worth-individuals in the world, ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, it enables registered financial institutions, companies and entities to thrive and operate within an international regulatory framework based on Common Law.
Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*
As part of its mandate, ADGM oversees and governs the Al Maryah Island, a designated financial free zone covering 114-hectares of financial and commercial services including residential, retail, leisure, hotel and office developments.
For more details of ADGM, please visit www.adgm.com or follow us on Twitter: @adglobalmarket and LinkedIn: ADGM
* Source: The Global Investor Middle East and North Africa (MENA) Awards
For more information Kindly contact:
Afra AL Rashdi
Senior Manager – PR and media