In Dubai, part of the United Arab Emirates, the Dubai Financial Free Zone Law made it possible to create the Dubai International Financial Centre and the Dubai Financial Services Authority. The DIFC is a provider of financial services. It provides an exemption from UAE civil and commercial laws and for arbitration of disputes that may be referred to the London Court of International Arbitration. In 2012 the Luxembourg Central Bank entered into a mutual cooperation agreement with Dubai with a view to developing financial services in the region. This leads the way for other European financial institutions.
European Company Law