The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.
Hoping to establish itself as a pioneer in the use and development of blockchain technology, the Dubai International Financial Center has announced its Courts are to work towards the creation of the first „Court of the Blockchain,“ involving work on how blockchain technology can be used to enforce court rulings and separately on the resolution and mitigation of disputes concerning blockchain-enabled contracts.
Abu Dhabi Global Market (ADGM), the low-tax financial hub, recently announced its courts will be able to enforce judgments, decisions, orders, and arbitral awards made or ratified by courts in the emirate.
The Dubai International Financial Centre, the low-tax financial center, is proposing amendments to its real property and strata title laws and regulations, to bring them into line with international best practice.
A delegation from Bermuda, which included Premier David Burt, recently visited Miami to forge closer ties in the area of financial services and leverage the city’s links with Latin America.