UAE Central Bank Signs Mou with Abu Dhabi Judicial DepartmentSource: www.export-egypt.com 5/22/2017, Location: Middle East |
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The Central Bank of the UAE has signed an MOU with the Abu Dhabi Judicial Department, regarding electronic linkage with local courts, to facilitate execution of judgments, court orders and decisions issued by Abu Dhabi Courts at all levels, including individuals, companies, and financial institutions The MOU was signed by Muhammad Ali Bin Zayed Al Falasi, Central Bank’s Deputy Governor, and Counselor Yousef Saeed Al Abri, Undersecretary of Abu Dhabi Judicial Department, with the presence of a number of senior officials from both parties.
The MOU aims to establish strategic partnerships, organise means of cooperation in matters of mutual interest, and develop necessary mechanisms and means, such as electronic linking, which would ensure prompt and effective execution of judgments, orders, and decisions issued by Abu Dhabi Courts, which the Central Bank, can either execute or follow-up with institutions subject to its supervision. Commenting on the signing, Muhammad Al Falasi, said, "Signing this MOU reinforces the continuous efforts exerted by Central Bank to support electronic transformation of services provided by federal and local entities and authorities, in line with the vision of the UAE's prudent leadership for "Smart Government". Al Abri affirmed that the signing of the MOU represents an implementation of the directives of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, regarding the cooperation and integration with all government entities to overcome obstacles facing the integration of efforts with all federal and national entities. "This endeavour aims to enhance performance levels in line with best international standards to achieve the objectives of our prudent leadership, and establish just and complete judicature. This will have positive consequences on UAE’s security, social, and economic stability, and will strengthen its competitiveness ranking worldwide," he added. |
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