Legal
Regulation, Risk & Compliance
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DIFC Authority announces enactment of DIFC netting law
The enactment of the Netting Law will create legal certainty in the DIFC as to the enforceability of close-out netting in the case of insolvency. Close-out netting is a legal mechanism which reduces exposure and therefore risk between two counterparties. Close-out netting is not currently statutorily underpinned in the UAE,…
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