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Schedule 1: Interpretation

1. Rules of interpretation

(1) In the Law, a reference to:
(a) a statutory provisions includes a reference to the statutory provision as amended or re-enacted from time to time;
(b) a Person includes a reference to a government, State, State agency, corporation, Body Corporate, association or partnership; and
(c) a calendar year shall mean a year of the Gregorian calendar.
(2) The headings in the Law shall not affect its interpretation.

2. Defined terms

(1) In the Law, unless the context indicates otherwise, the defined terms listed below shall have the corresponding meanings:

Term Definition
Chairman the chairman of the DIFC, established under Dubai Law No. 3 of 2002
Court the DIFC court
DIFC the Dubai International Finance Centre, established under Article 3(l) of Dubai Law No. 3 of 2002
Mistake an erroneous assumption relating to facts or to law existing when the contract was concluded
Obligor refers to the party who is to perform an obligation and "obligee" refers to the party who is entitled to performance of that obligation
Writing Any mode of communication that preserves a record of the information contained therein and is capable of being reproduced in tangible form, including electronic means
(2) Where a party to a contract has more than one place of business the relevant "place of business" is that which has the closest relationship to the contract and its performance, having regard to the circumstances known to or contemplated by the parties at any time before or at the conclusion of the contract.