Sunday, 6 May 2018

BADIR - Helping SME in Saudi Arabia

Author: Carport
Licence Creative Commons Attribution Share Alike 3.0 unported
Source Wikipedia Commons

Jane Lambert

According to the home page of the BADIR website, "badir" means "to initiate" in Arabic. BADIR is a programme to accelerate the growth of emerging technology businesses in Saudi Arabia.  It is an initiative of the King Abdul Aziz City for Science and Technology (see Saudi Arabia: King Abdulaziz City for Science and Technology 6 Sep 2012 and the video Introduction film about King Abdulaziz City for Science and Technology).

BADIR assists both Saudi and foreign businesses to establish and grow in Saudi Arabia, The services that it offers to Saudis are accelerators, boot camps, incubators and services for inventors.  The services that it offers to foreigners is what it calls "a soft landing" into Saudi  Arabia.

The first accelerator was launched in 2016 with 7 companies and lasted for 4 months.  The programme consisted of workshops, consultations and pitching for seed funding.

Boot camps are are intensive workshops in business modelling, finance, marketing lasting no more than a few days.  Two have recently taken place at Qassim and Riyadh.

There are incubators for advanced manufacturingbiotechnology and information and communications technology, Slightly different criteria apply for acceptance on each of those programmes and slightly different services and facilities are provided.  Incubators are located in Riyadh and Taif.

Help with patenting and commercialization is offered to inventors by BADIR.

BADIR helps established foreign companies with technology that is likely to benefit Saudi Arabia to establish themselves in that country.

Anyone wishing to discuss this article may call me on +44 (0)20 7404 5252 during normal British business hours or send me a message through my contact form.

Friday, 30 March 2018

ACDR's First Domain Name Disputes

Jane Lambert

In Arab Center for Dispute Resolution: New Kid on the UDRP Block 20 Oct 2015 I introduced the Arab Center for Dispute Resolution ("ACDR") domain name dispute resolution service. The ACDR is one of five dispute resolution dispute resolution service providers that have been approved by the Internet Corporation for Assigned Names and Numbers ("ICANN") for the resolution of generic top level domain name disputes (see List of Approved Dispute Resolution Service Providers on the ICANN website).

When I wrote my previous article, the ACDR had not resolved any cases.  It has now resolved four:
There have been two complainants, FZE and MBC both of which have been represented by Al-Tamini & Co.  The first three cases have been successful but the fourth failed.

For further information on domain name disputes see Domain Name Disputes  on NIPC Branding.  if you are a brand owner and wish to evict a cyber squatter, see Evicting a Cybersquatter using the UDRP 18 July 2017 NIPC Branding. If you are accused of cyber squatting, see Resisting Eviction under the UDRP 19 July 2017. Call me on +44 (0)20 7404 5252 if you wish to discuss this article or domain name dispute resolution in general or send me a message through my contact form.

Saturday, 13 January 2018

The Abu Dhabi Global Market Courts hear their First Case

Jane Lambert

In Abu Dhabi Global Market - Yet Another Common Law Enclave in the Gulf 22 Feb 2016 I reported that Abu Dhabi had set up its own financial centre known as Abu Dhabi Global Market with its own English language common law courts.  I can now add that the Court of First Instance has heard its first case.

The Court heard for an application for interim declarations brought by the claimant Afkar Capital Ltd, against Saifallah Mohamed Amin Mahmoud Fikry (see  Afkar Capital Limited v Fikry [2017] ADGMCFI 1). Both sides were instructed by English counsel and the application came on before Sir Andrew Smith.

Sir Andrew refused the application for three reasons. The first was that the application raised issues that could only be determined at trial. The second was that the action was due to come on for trial early in the New Year. Interim declaratory relief would only marginally benefit the claimant but could result in injustice for the defendant.   Thirdly, an interim declaration would serve no practical purpose.

Anyone wishing to discuss this case or the Abu Dhabi Global Market Courts generally should call me between 08:30 to 18:30 London time on +44 (0)20 7404 5252 or send me a message through my contact form.

Saturday, 18 November 2017

Dubai's Courts of the Future Initiative

Author A Vahanvaty
Licence Creative Commons Attribution-Share Alike 2.0 Generic
Source Wikipedia

Jane Lambert

The Dubai Future Foundation is an initiative of the Dubai government to chart the economic, social and cultural future of Dubai. Its initiatives include artificial intelligence and robotics, autonomous transportation, blockchain technology, three-dimensional printing and pilotless aircraft. Each of those technologies is likely to lead to legal issues which are mentioned briefly in the topics section of the Courts of the Future website.

Those issues will have to be resolved in Dubai as they will in the rest of the world and the body that seeks to address those issues in Dubai is the Courts of the Future Forum. This is a panel of 13 lawyers and other experts from around the world including two members of the English bar and partners of Bird & Bird. The acting chief executive and chief operating officer of the Dubai Future Foundation also sit on that panel as does the co-chief executive and registrar-general of the Dubai International Financial Centre Courts (an English speaking common law jurisdiction in the Dubai International Financial Centre which I first discussed in DIFC Courts 7 Jan 2011 J D Supra).

The terms of reference of the Courts of the Future Forum are set out in its charter. Art 1.2 of that charter provides that the purpose of the forum is to advise the courts about:
"(a) the current performance and reputation of the Courts as perceived by the Forum members in relation to handling of the disputes of the future;
(b) the strategic direction required for the Courts to maintain and improve their knowledge, performance and reputation regarding future IP, construction, technology and other related disputes;
(c) developments and trends in the arena of international dispute resolution which may have an impact on the DIFC Courts and its operation and which, if adopted, might benefit the DIFC Courts and its users in resolving disputes of the future."
While its recommendations will be addressed to the DIFC courts, they are likely to be relevant to court services everywhere including, in particular, the Business and Property Courts of England and Wales which were the model for the DIFC courts (see Jane Lambert Launch of a Judicial Super Highway?  12 July 2017 IP Northwest).

The forum has drafted a model Part 40,000 for the DIFC Court Rules which are based on our Civil Procedure Rules.  A footnote explains that the number 40,000 was chosen for the Part because:
"40,000 km/h is the speed at which an object must travel in order to break free of a planet’s gravitational pull."
An introductory paragraph states:
"The founding principles for the Courts of the Future are explained here through an imagined set of rules for processing claims in a new specialist division of a court. This division would be designed to support companies developing new technologies, sectors and applications – from blockchain to 3d printing. The rules include details of how the court itself could use these technologies, for example there is an artificial intelligence for adjudicating small claims. It is the kind of division that this Forum aims to create."
Rule 1 of that Part declares that it applies to Court of the Future claims ("COF claims").  Rule 3 provides:
"A claim may be issued as a COF Claim if it:
(a) involves issues or questions of technical complexity, or 
(b) has no or no single physical geographical nexus, or
(c) the proceedings are likely to involve multiple parties from different jurisdictions.
 The following are examples of the types of claim which may be appropriate to bring as COF Claims, but are not exhaustive and other types of claim may be appropriate to this specialist division:
(1) claims involving international commercial chain transactions;
(2) claims relating to liability for the acts or omissions of artificial intelligence, software or any devices or components of devices whether integrated or not that are dependent on or controlled by such software including, but not limited to autonomous or semi-autonomous vehicles;, medical devices and types of industrial and domestic equipment;
(3) claims involving issues of cyber security in respect of data and/or assets stored online;
(4) claims relating to competition and/or anti-trust issues in respect of online assets or currency;
(5) claims involving online intermediaries and/or online platforms or marketplaces;
(6) claims relating to online peer to peer transactions;
(7) claims relating to online blockchain transactions;
(8) claims relating to 3D printing;
(9) claims relating to or arising out of extraterrestrial activity or territories;
(10) intellectual property claims arising out of or in relation to any of the above claims;
(11) any combination of the above claims;
(12) insurance claims in relation to any of the above claims; and
(13) challenges to decisions of arbitrators in COF disputes."
 The Part has 12 rules as follows:

1 General
2 Specialist division
3 Definitions
4 Rules
5 Joinder
6 Interim Payment
7 Enforcement
8 Record Keeping
9 Processing of personal data
10 Data confidentiality and security
11 COF Practice Direction
12 Micro Disputes Practice Direction

The rules on enforcement and micro disputes are particularly interesting.  Litigants will be required to give details of their blockchain accounts and judgments will be enforced instantaneously via smart contracts.  Micro disputes (that is to say those under US$50,000 where there is no dispute of fact and neither party is a corporation will be determined by computer.

All thought-provoking stuff which will interest judges. lawyers. court administrators and business people everywhere. Should anyone want to discuss this article, he or she should call me on +44 (0)20 7404 5252 during normal business hours or send me a message through my contact form.

Wednesday, 20 September 2017

A new Technology and Construction Division for Complex Computer Supply Disputes

© User:Colin / Wikimedia Commons / CC BY-SA 4.0

Jane Lambert

Sir Richard Field has been appointed to head a new Technology and Construction Division within the Dubai International Financial Centre's Courts (see the DIFC press release Complex tech and construction disputes can now turn to new specialised DIFC Courts division 17 Sep 2017). The new Division appears to have been modelled on the English and Welsh Technology and Construction Court. The Division's procedure is governed by Part 56 of the DIFC Court Rules which is similar to Part 60 of the Civil Procedure Rules and Part 60 Practice Direction.

Rule 56.3 of the DIFC Court Rules provides that a claim may be brought in the Division if it involves issues or questions that are technically complex. A number of sub-paragraphs list examples of such claims which include:
"claims relating to the design, supply and/or installation of computers, computer software and related network and information technology systems and services."
Cases in the new Division will be managed in much the same way as they are managed in the Technology and Construction Court.  Rule 56.15 of the Court Rules provide for a case management conference within 14 days of filing of the particulars of claim or the transfer of a case to the Division.

The above-mentioned press release states that "parties located anywhere in the world are able to opt-in to the DIFC Courts’ jurisdiction, if both parties agree in writing."

Members of the bar of England and Wales with experience of computer supply litigation are well placed to advise on matters that fall within this new Division's jurisdiction and to represent parties in cases that proceed before its judges.  Anyone wishing to discuss this article, computer supply dispute resolution or the DIFC courts in general should call me on +44 (0)20 7404 5252 during UK office hours or send me a message through my contact form.

Tuesday, 22 August 2017

British Participation in Dubai FinTech Accelerator Programme

Jane Lambert

The first 12-week accelerator programme of the Dubai FinTech Hive which I mentioned in FinTech in Dubai on 3 Aug started on 21 Aug 2017 with its first cohort. One of the members of that cohort is the Cardiff wealth management solutions provider, Delio Ltd ("Delio").

Delio was founded by Gareth Lewis and David Newman with the mission of building "!a connected, multi-asset class private market that enhances liquidity and access for today's high net worth investor" (see the About page on the Delio website). Its first product is "a complete white label platform solution for private assets, that helps organisations and their advisors enhance their offering through connecting private deal flow with high net worth capital."

The other members of the first cohort are Bridg and Sarwa from the United Arab Emirates, Labiba of Jordan, Maliyya of Azerbaijan, Middleware, Semantify and Starling Trust of the USA, Norbloc of Sweden, Theme Chain of India and Weinvest of Singapore (see FinTech Hive at DIFC commences Inaugural Accelerator Programme 21 Aug 2017). I wish Delio and all those companies every success in the programme and, in particular, on the Investor Day in November.

A British contribution will also come from Clyde & Co and Simmons & Simmons "who will offer advice on how to navigate the region’s legal landscape."

Delio and the other companies will find more legal resources on fintech on my FinTech page. They will also see that I cover IP and related matters in the GCC countries in NIPC Gulf. I have also started to blog about IP in the Severn estuary conurbation where Delio is based in NIPC Severn-Hafren (see Why NIPC Severn-Hafren 6 Aug 2017).

Anyone wishing to discuss this article or the legal issues of fintech generally should call me on +44 (0)20 7404 5252 during UK business hours or send me a message through my contact form.

See also 
Jane Lambert  FinTech in Dubai 3 Aug 2917

Thursday, 3 August 2017

FinTech in Dubai

Standard YouTube Licence

Jane Lambert

On 10 Jan 2017, the Dubai International Financial Centre ("DIFC") launched the FinTech Hive which claims to be the first fintech accelerator in the Middle East, Africa, and South Asia ("MEASA") region (see the DIFC press release "Dubai International Financial Centre Launches ‘FinTech Hive at DIFC’, the Region’s First FinTech Accelerator, Supported by Accenture" 10 Jan 2017). An "accelerator" is a development space for innovative young companies. According to the UK's National Endowment for Science, Technology and the Arts" an accelerator has the following characteristics:
  • "Fixed duration programme (usually between three and twelve months) 
  • Typically growth-based (payment via equity rather than fees) 
  • Often provide seed funding 
  • Focus on services over physical space
  • Admission in cohorts 
  • Provision of startup services (e.g. mentorship, entrepreneurial training) 
  • Highly selective"
(see Business Incubators and Accelerators: The National Picture BEIS research paper No 7 by Jonathan Bone and others at page 13).

According to the Hive's website, it offers a 12-week accelerator programme where entrepreneurs have an opportunity to test and develop their innovation in collaboration with senior executives from financial institutions. On that programme they are promised:
  • "Mentoring from the industry’s leading firms and senior financial services executives
  • Insider knowledge and direct feedback from their target user groups
  • Workshops and panel discussions on topics such as procurement, regulation and industry trends,
  • Opportunities to raise their profile amongst potential partners and investors, and
  • A workspace in DIFC for two employees throughout the programme."
In its press release of 30 May 2017, the DIFC reported that the Hive had received over 100 applications from more than 32 countries including the UAE, UK, US, India, Nigeria and Singapore covering big data and analytics, the blockchain, payments, peer to peer and crowdfunding, roboadvisors, and mobility. You can view one of the applications here.

As I said in my introduction to FinTech, it gives rise to at least three sets of legal issues:
  • Privacy and data protecton;
  • Intellectual property; and
  • Regulation.
The DIFC has its own local laws based on the English common law which includes a data protection law which I discussed in DIFC Data Protection Law 1 Aug 2011. As for regulation, Neil Ainger, fintech correspondent at, has reported that the Dubai Financial Services Authority has created a regulatory sandbox ratjer like the Financial Conduct's Authority's in London (see Dubai fintechs invited to play in regulated innovation sandbox 25 May 2017 CNBC) and it has just announced a new regulaory framework for crowdfunding (see Dubai's DFSA launches crowdfunding framework 1 Aug 2017 Finextra).

You can follow the DIFC FinTech Hive on twitter, Facebook and Linkedin. Should you require more information about the FinTechn hive or fintech in general feel free to call me on +44 (0)20 7404 5252 or send me a message through my contact form.

Further Reading

03 Aug 2017
Jane Lambert
03 Aug 2017
Jane Lambert