The report on the government’s independent review of the collapse of Football Index was published yesterday. It is important to note that the terms of reference did not include an assessment of how the product should have been regulated, nor was the purpose of the review to apportion blame for the company’s collapse.
“Both the frequency and severity of enforcement is increasing all the time,” Tait told ACAMS moneylaundering.com. “Operators are struggling to keep pace with … new regulations and rigid enforcement, and having to divert more and more resources to try and stem the tide.”
Decree No. (34) of 2021 (“the Decree”) on the Dubai International Arbitration Centre (“DIAC”) was recently issued. Pursuant to the Decree, the Dubai International Financial Centre Arbitration Institute (“DIFC Arbitration Institute”) and Emirates Maritime Arbitration Centre (“EMAC”) shall be dissolved and their assets and operations shall be merged into the Dubai International Arbitration Centre (“DIAC”).
In Times Travel (UK) Ltd v Pakistan International Airlines Corporation (Rev 2)  EWCA Civ 828, the Supreme Court confirmed the existence of the doctrine of ‘lawful act duress’ under English law and its limited scope in commercial transactions.
On 14 September 2021 the Government of Dubai issued Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre (the “Decree”), together with the Statute of Dubai International Arbitration Centre (the “Statute”).