Law relating to Application of DIFC Laws DIFC Law No. 10 of 2005

PART 1: GENERAL ..................................................................................................... 1
1. Title ..................................................................................................................... 1
2. Legislative authority............................................................................................ 1
3. Application of the Law ........................................................................................ 1
4. Date of Enactment .............................................................................................. 1
5. Commencement .................................................................................................. 1
6. Interpretation ..................................................................................................... 1
PART 2: SCOPE ......................................................................................................... 2
7. Limitation on scope ............................................................................................ 2
PART 3: APPLICABLE LAW OF CONTRACTS ................................................................. 3
8. Governing law ...................................................................................................... 3
9. Effectiveness of express choice of governing law ............................................. 3
10. Absence of express governing law ................................................................... 3
11. Agency .............................................................................................................. 3
12. Governing law of right of subrogation .............................................................. 3
PART 4: SUBMISSION TO JURISDICTION IN CONTRACTS ............................................... 4
13. Effectiveness of express submission to jurisdiction or arbitration................... 4
PART 5: PROPERTY .................................................................................................... 5
14. Law governing rights in property ...................................................................... 5
15. Law governing validity of transfer of property .................................................. 5
16. Securities and investment entitlements ........................................................... 5
PART 6: TRUSTS ........................................................................................................ 7
17. Recognition of trusts ........................................................................................ 7
Schedule 1: INTERPRETATION ................................................................................... 8