- The blockchain resolution will end in substantial time and value financial savings for events in the enforcement of their business judgments.
ABU DHABI, United Arab Emirates, Nov. 15, 2022 /PRNewswire/ — Abu Dhabi Finance Week witnessed throughout its Fintech Abu Dhabi Festival the announcement by ADGM Courts of the first-ever introduction of blockchain technology for the world enforcement of business judgments.
The blockchain resolution will end in substantial time and value financial savings for events in the enforcement of their business judgments. Secure, immutable judgments shall be instantly accessible to events and implementing courts, by way of ADGM’s web site, an API or instantly on the blockchain for member courts. Parties will not want to attend for a licensed copy of the judgment to start out the course of in the implementing jurisdiction. This is a serious growth for worldwide commerce and commerce.
Commenting on this transformational growth, Linda Fitz-Alan, Registrar and CEO of ADGM Courts stated; “Our imaginative and prescient has at all times been to massively remodel the supply of judicial providers via technology. Our focus has now turned to enforcement to answer the urgent wants of the worldwide business group, and to drive sustainable change for the justice sector. This trailblazing introduction of blockchain technology for business courts underscores ADGM and ADGM Courts’ status as leaders in the digitisation of justice.
About Abu Dhabi Global Market (ADGM)
ADGM is the worldwide monetary centre of the capital metropolis of the United Arab Emirates, which opened for business on twenty first October 2015. ADGM augments Abu Dhabi’s place as a number one monetary centre and a business hub serving as a strategic hyperlink between the rising economies of the Middle East, Africa and South Asia and the relaxation of the world.
Operating inside a global regulatory framework primarily based on direct utility of The English Common Law, ADGM governs the whole Al Maryah Island which is designated as the monetary free zone of Abu Dhabi.
ADGM progressive and inclusive business ecosystem gravitates towards world monetary and non-financial establishments whereas leveraging synergies with a number of jurisdictions positioned as one of the world’s most superior, numerous and progressively ruled monetary hubs.
For extra particulars on ADGM, please go to www.adgm.com
For media queries please contact:
Simon Hailes
Head of Middle East
Edelman Smithfield
M: +971 50 973 1173
E: [email protected]
Hajer Altenaiji
Head of Corporate Communications, ADGM
E: [email protected]
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