27 April 2016, Abu Dhabi, UAE: The Abu Dhabi Global Market (ADGM) Board of Directors is pleased to announce the establishment of the Appeals Panel in accordance with ADGM Financial Services & Markets Regulations 2015.
The Appeals Panel is set up to review and determine decisions made in the first instance by the Regulatory Committee to ensure proper observance of due process and procedural fairness of the Financial Services Regulatory Authority (FSRA) in exercising its duties and powers in a consistent, transparent and balanced manner.
The Appeals Panel has full independence and authority for determining regulatory appeals and is independent of the ADGM Board of Directors, the FSRA, the Regulatory Committee and the ADGM Courts to preserve its objectivity and impartiality.
The Appeals Panel comprises of four global legal professionals with outstanding expertise and experience in commercial litigation, international arbitration, banking and finance, commercial dispute resolution and others. They include Fountain Court’s Michael Brindle QC and Patricia Robertson QC.
The Panel is led by Mr Michael Brindle QC as the President who said, “I believe the Appeals Panel will add to the strength of the ADGM regulatory system, and I am proud to serve on the Panel”.