Will Registry for Expats Launched by DIFC
In a landmark move, Dubai has set the ball rolling for the introduction of new rules relating to succession and inheritance matters of non-Muslims owning assets in the emirate.
On November 16, the Dubai International Financial Centre’s Dispute Resolution Authority (DRA) launched a month-long consultation with the UAE legal community and the public on a new English language Wills and Probate Registry (WPR) expected to take effect in early 2015.
With its launch, DIFC will become the first jurisdiction in the region where one can register a will under the internationally-recognised Common Law. The new rules have been drafted on the basis of Common Law principles from the Estates Act and Probate Rules of the UK and include elements of legislation in other leading jurisdictions.Continue Reading in the Gulf News