Insights / News
Insights / News
This article focuses on the key tenets of the DIFC consultation paper’s proposed amendments to the Foundation Law.
The current proposed amendments to the Dubai International Financial Centre (DIFC) Foundations Law No 3 of 2018 (consolidated version of 2022) (“Foundations Law”) come at an opportune time and are testament to the wider progressive measures taken by the DIFC legislator, and to the growing popularity of foundations. The DIFC consultation paper introduces specific amendments to enhance this legislation. If implemented, the amended law will help meet the needs of the ever-growing private client base that increasingly uses foundations as a preferred structuring and succession-planning option.
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Shabana specialises in working with UHNW individuals to address private client matters, with a particular understanding of contentious family matters and the English law treatment of Islamic marriages.
She has advised trusts, family businesses and UHNW clients on wealth protection matters. She advises on contentious and non-contentious wealth management matters.
Shabana is licenced to undertake public access work.
To find out more about Shabana, contact Sam Carter on +44 (0)203 989 6669 or George Bennett on +44 (0)207 427 0807.
External Publications 5 Sep, 2023