When the world’s first 3D printed building, the "Office of the Future", opened its doors in May 2016, it was rightly heralded as a watershed moment for the architecture and construction industries.
Built in the shadow of Dubai’s Emirates Towers, using innovative materials and techniques developed in the UAE and United States, it was a bold leap forward in people’s understanding of 3D printing’s full possibilities.
The Office of the Future was also a catalyst for new thinking about commercial rules, regulations and disputes of the future. If you are building something that has never been attempted before, what rules and regulations should apply? Are the necessary laws in place to allow secure innovation? How do you resolve disputes in the global 3D printing technology supply chain? The same goes for all the emerging technologies of recent years, from autonomous cars and drones through to artificial intelligence and blockchain.
When something truly innovative hits the market, new legal questions around liability and applicable laws and regulations are posed. In response, regulators and policymakers set to work to ensure the necessary legal framework is in place to protect both people and businesses. Finally, court systems step in to resolve new types of cases and disputes.
In an era of significant technological disruption, this process becomes ever faster and more dynamic. This prompted the DIFC Courts, together with the Dubai Future Foundation, to think ahead. If new technologies are creating challenges for regulators, what will the impact be on the court systems that will resolve the commercial disputes that inevitably arise?
Moreover, just as the UAE is a true leader in adopting innovations such as 3D printing, is there an opportunity to ensure that the country also remains at the forefront of commercial justice in the years and decades ahead?
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Read more:
DIFC Courts launches new technical and construction disputes court
DIFC Courts cases valued at Dh7.5 billion in six months
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As a result, the DIFC Courts and Dubai Future Foundation have established the Courts of the Future Forum, an initiative that brings together international legal, technology and business experts to first understand the full legal implications of rapid technological change and then prototype future commercial court that can operate anywhere in the world.
So the obvious question is: what will the courts of the future look like? We can already say with some certainty that technology will enable them to bridge barriers of language, borders, jurisdiction and currency. But the honest answer is that we don’t know, which is why we have launched an unprecedented global consultation to help us find the answer.
To begin the process, the Courts of the Future Forum has developed an initial set of Founding Principles, effectively a draft set of rules to underpin a globally connected commercial court 20, 30 or even 40 years from now. Called "Part 40,000" rules - because 40,000 km/h is the speed required to break free from the atmosphere - the principles strike a bold trajectory to break free from the conventional commercial court thinking.
Launched alongside the recent World Economic Forum Annual Meeting of the Global Future Councils in Dubai, anyone, anywhere with an interest in commercial justice can participate in the Part 40,000 consultation through an open-source platform until January 15, 2018. We have invited contributions from the chief justices of the world’s leading commercial courts, and look forward to understanding the different viewpoints of experts from across the world.
We are at the beginning of an ambitious process to shape the future of commercial justice and provide "techpreneurs" and businesses with secure innovation and legal certainty in an era of rapid technological change.
It is a big job and we do not expect to have all the answers come February, when the Courts of the Future Forum will next meet, but we do believe it is the right time to start asking the big questions.
Mark Beer is the co-chief executive and registrar general of the DIFC Courts
COMPANY%20PROFILE
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
The biog
Nickname: Mama Nadia to children, staff and parents
Education: Bachelors degree in English Literature with Social work from UAE University
As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families
Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
The years Ramadan fell in May
Killing of Qassem Suleimani
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
Killing of Qassem Suleimani
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia