Dubai Courts" A seminar is organized entitled "True Court x Dubai D33 Economy"

Dubai, June 25/ WAM/ Dubai Courts, in cooperation with the New Economy Academy, organized a dialogue seminar entitled “The True Court × Dubai D33”.

The symposium discussed ways to enhance the role of organized inheritance in achieving the goals of Dubai’s economic agenda aimed at doubling the size of the emirate’s economy and consolidating its position in the ranks of the most prominent global financial centers.

The symposium was attended by His Excellency Judge Mohamed Jassim Al Shamsi, President of the Trials Court – Dubai Courts and Adeeb Rashid, Director of the Family Companies Center – Chambers of Dubai, and Dr. Tariq Al -Hujairi, CEO of Dots & Co.

The symposium touched on the strategic importance of the Tringer Court in Dubai, which is the first specialized court in the region in this institutional formula and stressed the need to organize the transfer of wealth between generations to ensure the continuity of family companies that represent about 90% of the business sector in Dubai, as well as its contribution to achieving economic stability, based on the fact that the investments are a pillar of the stability of family companies.

In this context, His Excellency Judge Muhammad Jassim Al -Shamsi affirmed that the organization of the symposium reflects the keenness of the Dubai courts to enhance the partnership between the judicial system and the economic society, through the launch of specialized dialogues that highlight the inheritance as a pivotal file on the issue of the sustainability of family companies and the permanence of economic assets across generations.

He pointed out that hosting the symposium at the Academy of the New Economy formed an ideal platform for displaying multiple visions of experts and specialists in the fields of family economics and legal consultations, which gave the discussion a practical and realistic dimension that reflects the actual challenges facing families that have wealth.

He noted that this symposium aims to build societal and institutional awareness of the importance of organizing the inheritance in a systematic and thoughtful manner, in a manner that ensures a safe transition of wealth and protects the family economy, explaining that the Trials Court was established with the aim of establishing a specialized judicial model that contributes to accelerating litigation procedures, reducing disputes, ensuring a fair and effective distribution of wealth, in a way that preserves the rights of all parties and enhances confidence in the judicial system.

He pointed out that the court realizes its strategic role in achieving the targets of the Dubai Economic Agenda D33, by supporting a legal environment that enhances the sustainability of business, protects the legacy of family companies, and enables the next generation to build on the gains of their predecessors in a clear and stable legal framework.

The symposium discussed several basic axes concerned with ensuring an organized transportation of wealth and supporting the stability of family companies, which are an essential pillar in economic growth.

In the axis of “governance and economic legislation” for the Dubai courts, the participants discussed the role of the court in establishing a safe business environment by qualifying judges economically and administratively to take quick and fair decisions, in line with the Dubai strategy to raise the efficiency of the judiciary, organize the transactions of major companies through legal solutions that preserve market interests and support Dubai’s position as a global business center, and develop wealth distribution through mechanisms that achieve financial sustainability, such as funds, Credit and smart contracts, address conflicts and the challenges of the absence of heirs through an institutional framework that limits the freezing of assets and preserves the rights of future generations.

With regard to the axis of the “Family Economy and Investment”, Adeeb Rashid, Director of the Family Companies Center – Chamber of Dubai, touched on the importance of enhancing legal and economic awareness about the inheritance, and the rehabilitation of the heirs and future owners of the role assigned to maintain wealth.

The speakers called for launching intensive awareness campaigns targeting wealthy and family companies to introduce them to their legal rights and duties, as well as transferring financial knowledge of the heirs and the importance of building the capabilities of the heirs in wealth management.

Dr. Tariq Al -Hujairi, CEO of Dots & Co Consulting, reviewed the effective role of the company in supporting these companies by providing structural and legal solutions designated for each family company, designing training programs to build the capabilities of future generations, and developing monitoring and evaluation mechanisms to follow up their performance and facilitate the continuity of these companies by creating legal solutions to enhance their capacity and growth while maintaining the family unit.

“Dots & Co” presented its vision for the future of family companies in Dubai, which is based on the rapid shift towards the digital economy and the adoption of modern technologies, increased dependence on specialized consultations in strategic planning and the succession of generations, and the integration of Dubai Economic Agency D33 to enhance competitiveness, and the emergence of a new generation of scientifically and practically qualified leaders.

Participants made sustainable approaches to wealth management after death, including specialized investment funds and comprehensive plans for wealth, which preserves the economic rights of the heirs and prevents the dispelling of legacies, in an integrated framework that supports Dubai’s economic vision and achieves financial stability across generations.

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