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Abu Dhabi Court of Appeal Clarifies Protection of Client Assets from Precautionary Attachment
An Abu Dhabi Court of Appeal judgment examining the protection of client assets from precautionary attachment, confirming that investor funds and securities held by a regulated investment firm on behalf of clients must be excluded from attachment for the firm's liabilities, while the firm's own assets remain subject to attachment under UAE law.
Abu Dhabi Court of Appeal Confirms ADGM Jurisdiction in Investment Dispute
An Abu Dhabi Court of Appeal judgment confirming that disputes arising from investments with ADGM-incorporated entities may fall within the jurisdiction of the ADGM Courts where the statutory jurisdictional gateways and substantive connections with the ADGM are satisfied. The decision also clarifies that governing law and jurisdiction are distinct questions and that jurisdiction must be assessed by reference to the applicable statutory framework and the transaction’s underlying connections with the ADGM.