Publication
DMCC: Implementation of Insurance Scheme - Update
In our Legal Briefing dated May 4, 2020 we provided an overview of legal updates introduced by the Dubai Multi Commodities Center Authority (“DMCCA”). One of the implemented measures was the introduction of an insurance scheme which will replace the deposition of a cash security. Beginning of this week, the DMCCA has announced further details for the replacement procedures of the visa cash security deposits.