February 02, 2006

While Malaysia Goes Sharia, Dubai Goes Common Law (sort of)

I see that Dubai has decided to create an oasis of Common Law in a new Free Trade Zone. It's probably too much to expect that they have been reading my book but maybe somebody has been reading the LLSV research.

Ah, New Atlantis launches another clave.

Posted by James C. Bennett at February 2, 2006 12:24 AM
Comments

Terrific. Continues a tradition of many centuries, where European merchants chose to use London as the situs for their warehousing, transactions, insurance, and if necessary, legal dispute resolution. This is still a British strength and it makes sense that is has now gone "on the road".

Posted by: Lex at February 2, 2006 08:14 AM

This will be an interesting test of the Anglosphere hypothesis. Specifically, what has to be transplanted for a colony to do well? Dubai is not an English colony, so many of the English customs of how personal relationships are managed (as opposed to commercial relationships) will not be transplanted. Can a sociey pick and choose like that, or is it a package deal?

I await the results with great interest. I generally expect it to do well though, as the competition for "Arab hub of finance" is rather light.

Posted by: Brock at February 3, 2006 11:45 AM
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