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- Blockchain solutions will save parties considerable time and cost when enforcing commercial judgments.
Abu Dhabi, United Arab Emirates, November 15, 2022 /PRNewswire/ – Abu Dhabi Financial Week saw ADGM Courts announce the first-ever introduction of blockchain technology to enforce global commercial judgments during the Abu Dhabi Fintech Festival.
Blockchain solutions will save parties considerable time and cost when enforcing commercial judgments. Through ADGM’s website, API, or directly on the member court’s blockchain, parties and enforcement courts will have immediate access to secure, immutable judgments. Parties will no longer have to wait for a certified copy of the judgment to begin proceedings in the enforcement jurisdiction. This is a major development in international trade and commerce.
Commenting on this transformational development, Linda Fitz AllenRegistrar and CEO of ADGM Courts said; “Our vision has always been to transform the delivery of justice services at scale through technology. Our focus has now shifted to law enforcement to respond to the urgent needs of the international business community and drive sustainable change in the justice sector. This groundbreaking The introduction of blockchain technology in commercial courts underscores the reputation of ADGM and ADGM Courts as a leader in the digitization of justice.
About Abu Dhabi Global Market (ADGM)
ADGM is the capital’s international financial center united arab emirates,At October 21, 2015. ADGM enhancements Abu Dhabi Position as a leading financial center and business hub, serving as a strategic link between developing economies middle East, Africa and south asia and the rest of the world.
ADGM operates within an international regulatory framework directly applying English common law, governing the entire al maria i. Designated as a Financial Free Zone Abu Dhabi.
ADGM’s progressive and inclusive business ecosystem favors global financial and non-financial institutions while leveraging synergies with multiple jurisdictions positioned as among the world’s most advanced, diverse and progressively governed financial centers one.
For more details on ADGM, please visit www.adgm.com
For media inquiries please contact:
Simon Hales
Middle East Manager
edman smithfield
Mobile: +971 50 973 1173
Second: [email protected]
alte niggi shark
Head of Corporate Communications, ADGM
Second: [email protected]
Source ADGM
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