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ADGM from Abu Dhabi to GMC - A gateway for foreign investment
The Statesman
|January 03, 2025
The adoption of the Abu Dhabi Global Market (ADGM) legal framework for Gelephu Mindfulness City (GMC) marks a pivotal development in Bhutan's economic strategy.
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This framework not only aligns with His Majesty's vision for attracting foreign investment but also provides essential regulatory advantages, fostering sustainable growth that meets Bhutan's ambitious targets for the future.
Established in 2013, the ADGM is a financial-free zone located in Abu Dhabi, United Arab Emirates. Its legal framework is primarily based on English common law, as articulated in the Application of English Law Regulations 2015. This regulation ensures that English common law, including its principles and rules of equity, applies within the ADGM, providing a familiar legal environment for international businesses. The incorporation of English law not only facilitates a predictable legal landscape but also aligns with global best practices, enhancing the credibility of the jurisdiction.
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