Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

Signature of MoU between Central Bank and Abu Dhabi Judicial Department

29/5/2017

An MoU was signed between the Central Bank of the UAE and the Abu Dhabi Judicial Department, regarding electronic linkage with local courts

An MoU was signed between the Central Bank of the UAE and the Abu Dhabi Judicial Department, regarding electronic linkage with local courts, to facilitate execution of judgments, court orders and decisions issued by Abu Dhabi Courts at all levels, including individuals, companies, and financial institutions. The MoU was signed by Central Bank’s Deputy Governor, Muhammad Ali Bin Zayed Al Falasi and Counselor Yousef Saeed Al Abri, Undersecretary of Abu Dhabi Judicial Department, with the presence of a number of senior officials from both parties.

The aim of the MoU is to establish strategic partnerships, organize means of cooperation in matters of mutual interest, and develop necessary mechanisms and means, such as electronic linking, which would ensure prompt and effective execution of judgments, orders, and decisions issued by Abu Dhabi Courts, which the Central Bank, can either execute or follow-up with institutions subject to its supervision.

Muhammad Al Falasi, said: “signing this MoU reinforces the continuous efforts exerted by Central Bank to support electronic transformation of services provided by federal and local entities and authorities, in line with the vision of the UAE’s prudent leadership for “Smart Government“.

You might also like...
Insurance Coverage for the Unemployed in The UAE – January 2023
His Excellency Dr. Al Awar, Minister of Human Resources and Emiratisation on 12 May 2022, introduced adoption of new Federal Law on the unemployment insurance scheme through insurance packages, from January 2023 to employees of all nationalities.
read More
Borrowers and Credit Card Holders Beware!
On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.
read More
Small Business Owners, Rejoice!
The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.