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Leading the charge (pun intended): international security transactions in the Middle East
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This article introduces the latest legislation adopted in the Dubai International Financial Centre (DIFC), one of the Middle East’s leading financial centres, in respect of secured transactions. It discusses the policy objectives underpinning this new legislation, as well as certain innovative legal concepts which were included in it, and which the DIFC Authority (DIFCA) hopes will push the DIFC to the “forefront of best practice” globally.
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