New ground rules set following success in nullifying DIAC Arbitral Awards relating to registration of off-plan sales

The Dubai Financial Services Authority (DFSA) imposes its largest fine to date on Deutsche Back AG Dubai (DIFC Branch), sending a strong signal that DFSA is both independent and unafraid to take on well-resourced opponents.

While it is still too early to judge the effectiveness of reforming LIBOR, it is a step in the right direction.