Applicable law of the AIFC is guided by principles, norms and precedents of England and Wales`s law and standards of the leading international financial centers. Justice based on English law in AIFC will be rendered by independent AIFC`s Courts. International level judges of AIFC`s Court will have exclusive jurisdiction over disputes between the AIFC’s participants, Bodies and/or their foreign employees, disputes relating to operations carried out in the AIFC and regulated by the law of the AIFC, disputes transferred to the AIFC’s courts by agreement of the parties, except criminal and administrative proceedings.
