ADFW’s Fintech Abu Dhabi Festival witnesses the introduction of ADGM Court’s first-of-its-kind blockchain technology

ADFW’s Fintech Abu Dhabi Festival witnesses the introduction of ADGM Court’s first-of-its-kind blockchain technology

  • The blockchain solution will result in significant time and cost savings for the parties in the enforcement of their commercial judgments.

ABU DHABI, United Arab Emirates, 15 November 2022 /PRNewswire/ — Abu Dhabi Finance Week, during its Fintech Abu Dhabi Festival, witnessed the announcement by ADGM Courts of the first introduction of blockchain technology for the global enforcement of commercial judgments.

The blockchain solution will result in significant time and cost savings for the parties in the enforcement of their commercial judgments. Secure, immutable judgments will be immediately available to parties and enforcing courts, via ADGM’s website, an API or directly on the blockchain for member courts. Parties no longer need to wait for a certified copy of the judgment to start the process in the enforcing jurisdiction. This is a major development for international trade and commerce.

Commenting on this transformational development, Linda Fitz-AlanRegistrar and Managing Director of ADGM Courts so; “Our vision has always been to massively transform the delivery of legal services through technology. Our focus has now turned to enforcement to respond to the urgent needs of the international business community, and to drive sustainable change for the justice sector. This ground-breaking introduction of blockchain technology for commercial courts underlines ADGM and ADGM Court’s reputation as leaders in the digitization of justice.

About Abu Dhabi Global Market (ADGM)

ADGM is the international financial center in the capital United Arab Emirateswhich opened for business on 21 October 2015. ADGM increases Abu Dhabi’s position as a leading financial center and a business hub that acts as a strategic link between the growing economies of Middle East, Africa and South Asia and the rest of the world.

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ADGM operates within an international framework based on the direct application of The English Common Law, and governs the whole Al Maryah Island which is designated as an economic free zone for Abu Dhabi.

ADGM’s progressive and inclusive business ecosystem gravitates towards global financial and non-financial institutions while leveraging multi-jurisdictional synergies positioned as one of the world’s most advanced, diverse and progressively managed financial hubs.

For more information about ADGM, please visit www.adgm.com

For media inquiries please contact:

Simon Hailes
Head of the Middle East
Edelman Smithfield
M: +971 50 973 1173
E: [email protected]

Altenaiji sharks
Head of corporate communications, ADGM
E: [email protected]

ADFW’s Fintech Abu Dhabi Festival witnesses the introduction of ADGM Court’s first-of-its-kind blockchain technology

SOURCE ADGM

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