By Tim Taylor QC King & Wood Mallesons’ Dubai Office

taylor_tAbu Dhabi establishes new common law free zone – ADGM, enacting new arbitration regulations. Comparisons will be drawn with Dubai’s already well established free zone, DIFC, and the DIFC-LCIA Rules.

The ADGM is a financial free zone, established in accordance with Federal Law No 8 of 2004, Federal Decree No 15 of 2013, Cabinet Resolution No 4 of 2013, and Abu Dhabi Law No 4 of 2013. The ADGM occupies 1,680,323 sq. m on the Al Maryah Island, in the emirate of Abu Dhabi, and is a separate jurisdiction carved out of the United Arab Emirates (the “UAE”). The ADGM is not subject to UAE civil and commercial laws; instead it is modelled closely on principles of common law, and tailored to the region’s specific needs.

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作者:Tim Taylor QC 金杜律师事务所迪拜办公室

taylor_t布扎比建立了新的普通法自由区——ADGM,制定了新的仲裁法规。本文将对ADGM法规与迪拜已经成熟的自由区DIFC和DIFC-LCIA规则作对比。

ADGM是一个金融自由区,根据2004年联邦法律第8号、2013年联邦法令第15号、2013年内阁决议第4号和2013年阿布扎比法第4号建立。ADGM位于阿布扎比酋长国Al Maryah岛,占地1,680,323平方米,是一个从阿拉伯联合酋长国( 阿联酋)独立出的单独管辖区域。ADGM不受阿联酋的民商法管辖,而是以普通法原则为原型,为满足该地区具体需求而量身定制的。

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By Dorothy Murray King & Wood Mallesons’ London Office

Smurray_dhareholders to JV agree that “any party may submit the dispute to binding arbitration”. Shareholders then get into a dispute, end up in Court and argue about stay.

The parties were shareholders in a BVI joint venture. The shareholders agreement was governed by English law. A dispute arose regarding Anzen’s allegedly unfairly prejudicial conduct in the management of the JV. Hermes commenced proceedings in the BVI courts. Anzen sought a stay of those proceedings pursuant to Section 6(2) of the BVI’s Arbitration Ordinance, which required the court to stay proceedings if it was satisfied that there was a valid arbitration agreement in respect of the matter in front of it.

Anzen relied on the dispute resolution provision at clause 19.5 of the shareholders agreement: in the event of a dispute “any party may submit the dispute to binding arbitration”.

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作者:Dorothy Murray 金杜律师事务所伦敦办公室

murray_d合资企业股东同意“任何一方可以将争议提交至具有约束力的仲裁”。随后股东起争执,最终对簿公堂并就中止程序展开争论。

当事人是一家英属维尔京群岛合资企业的股东。股东协议受英国法律管辖。因Anzen被指控在管理合资企业时的不公平损害行为而产生争议。Hermes在英属维尔京群岛法院提起诉讼。Anzen试图依《英属维尔京群岛仲裁条例》第6(2)条中止该等程序,请求法院在确信存在有效的与其审理之事项有关的仲裁协议的情况下中止程序。

Anzen依赖股东协议第19.5条的争议解决规定:如出现争议,“任何一方可以将争议提交至具有约束力的仲裁”。

Hermes称,Anzen不可以依赖该等规定获得中止,除非其已就当前争议提起仲裁。一审和上诉法院均对此表示同意。对Anzen来说幸运的是,枢密院(“枢密院”)对此持不同看法。

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By Kate Jackson-Maynes, Nathan Hodge, Travis Toemoe, Michael Swinson, Oshini Jinasena and Elizabeth Oliver. King & Wood Mallesons

1. Insurtech is…

the transformation of the insurance industry through mobile apps and the use of new technologies such as wearable devices, telematics and artificial intelligence. The use of these devices and the data they provide will enhance customer engagement, generate deeper risk insights into consumer preferences, and meet customer needs with new products.

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By Scott Farrell, Annabel Griffin, Roslyn Hinchliffe and Claire Warren. King & Wood Mallesons

1farrell_s (1)griffin_aA smart contract is an agreement that automates otherwise manual tasks…

A smart contract is simply any agreement that can execute a part of its functions by itself. One example is a contract which automatically calculates the payments which are due between the parties, and then arranges for those payments to be made. Smart contracts reduce the amount of human intervention that is required for the performance of an agreement.

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作者:何放 金杜律师事务所争议解决部

he_fang货不仅抢占了名牌企业的市场份额,更是对名牌企业无形资产赤裸裸的掠夺,因此,打假是企业无法回避的问题和一项长期而艰巨的任务。很多企业高管和品牌保护部门都对日益高涨打假费用和此起彼伏的假货信息头痛不已。在经济基本面好的时候,企业内部法务人员工作压力尚可以承受,一旦进入经济基本面走弱的周期,企业内部法务往往会疲于应付从一线销售部门传来的“按下葫芦浮起瓢”的假货线索和投诉。而一线销售部门也往往试图将销售额的下降和业绩的黯淡归因于假货过多或打假不力,给企业内部法律或品牌保护部门造成很多困扰。

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By Andrew Morrison King & Wood Mallesons

As we wrote in April, the European Commission (the Commission) has been conducting an in-depth review of the European e-commerce sector with a particular focus on the impact of geo-blocking practices. The Commission initiative aims to ensure non-discrimination against customers in the single market on the basis of their geographical location. In particular, the Commission is seeking to remove the ability for companies to discriminate against customers where there is no objective reason for a different treatment between foreign and domestic customers.

The EU Services Directive allows providers of goods and services to implement geo-blocking where it is objectively justifiable (Article 20(2)). However, the Services Directive raises a number of issues and has been criticised as giving rise to significant legal uncertainty for businesses and enforcers. The Commission has therefore sought to remedy this in its draft geo-blocking regulation (the Proposed Regulation).

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作者:Scott Farrell、Claire Warren、Roslyn Hinchliffe和Johanan Ottensooser 金杜律师事务所

farrell_s (1)智能合同”是一个含义包罗万象的流行语,可以用来解释一切,从实现区块链(另一个流行语)的价值到律师职业的终结(这不可能正确)。最近,目前世界上最大的智能合同(有个不吉祥的名称,叫做“去中心化自治组织”,简称“DAO”)遭到了“攻击”。对许多人来说,这意味着用计算机代码代替律师的梦想被击碎。这是否是对这一新生技术发出的如同电影《终结者》中“天网”式的警告,预示着过度依赖机器会充满危险?答案既是肯定的,也是否定的。但是,在金融合同领域,我们有办法将人的最佳判断和计算机的高效率结合起来。

在本文中,我们将撇开热闹,对这些流行语进行解码。我们将告诉您“智能合同”究竟是什么东西,为什么人们会关心它。我们还会以通俗的语言解释对DAO的攻击是怎么回事,以及攻击带来的对智能合同的担忧。我们会提出一个解决方案,即人与机器相结合的智能合同数字模拟框架(简称“DnA”框架)。通过相关链接,读者可以研究、检验和完善我们的解决方案,所有资源均开放共享。

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By Cheng Lim, Stephen Minns and Millie Zhong. King & Wood Mallesons

Tlim_chminns_stephenere are more data breaches every year

Every day, we read a new story about a new data breach. It’s not just because it makes a good story for the media to report; it’s because there are more data breaches occurring. Telstra’s Cyber Security Report 2016 reports that 23.7% of Australian organisations surveyed detected a business interrupting security breach during an average month. The Asia Pacific region experienced an even higher level of security incidents with 45.5% of surveyed organisations impacted by a security incident in an average month.

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