22nd Meeting of the AIFC Legal Advisory Council (the LAC) was held in London at Herbert Smith Freehills LLP office. At the meeting several key issues on development of the AIFC Law and new initiatives were discussed, including new Public Private Partnership Framework Model for the AIFC; education and training of legal practitioners in the AIFC; and other matters.
The LAC was established in 2017 with the objective of ensuring the introduction of the best global practice and the transposition of the relevant law of England and Wales. Representatives of global leading law firms and barristers’ chambers such as Baker McKenzie, Herbert Smith Freehills, Hogan Lovells, Michelmores, Norton Rose Fulbright, White & Case, and 3 Verulam Buildings Barristers are members of the LAC. It has given preliminary approval to AIFC General Legal Framework Acts which were further adopted by relevant AIFC bodies.
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