Abstract:
In recent years, the UAE has created two international financial centers DIFC and ADGM, by introducing a case law mechanism into the legal jurisdiction.This innovative model based on the mixed legal system has built an independent common law system for the financial center, which is parallel to the UAE federal law.In particular, the Abu Dhabi Global Market directly incorporated the application of English law into its own legal system, including the jurisprudence of English courts.The Abu Dhabi Global Market also tried crossborder financial supervision and created an independent judicial environment, which provided a successful example for the construction of an international financial center under “mixed jurisdictions”.Driven by the innovation of finance, science technology as well as globalization, current global financial competition is becoming increasingly fierce.To establish an international financial center based on a “mixed jurisdiction” system in China, it is necessary to absorb the successful experience of the Abu Dhabi Global Market creation model, and to analyze specific problems in combination with the actual national conditions.
