Which financial free zone in Abu Dhabi, established in 2013 and operational since October 2015, applies English common law directly?
Answer and explanation
Correct answer: A. Abu Dhabi Global Market (ADGM)
- Step 1: ADGM is located on Al Maryah Island and Al Reem Island, established in 2013 and operational since October 2015. Answer: Abu Dhabi Global Market (ADGM). ADGM is the only regional jurisdiction that applies English common law directly. Why not the others: Dubai International Financial Centre (DIFC), Sharjah Publishing City and Ras Al Khaimah Economic Zone (RAKEZ) don't fit.
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