PwC to help crack tough court cases in Capital

In a move that will come as a big relief to businesses involved in legal wrangles in the Capital, PricewaterhouseCoopers (PwC), has been selected to provide advice during complex financial court cases.

The company which provides industry-focused assurance, tax and advisory services has been selected by the Abu Dhabi Judicial Department, (ADJD), to provide consultancy advice during financial and commercial cases heard by courts of the emirate.
 

PwC, which has over 130 partners in the Middle East, has signed a memorandum of understanding (MoU) with the ADJD to this effect.

The MOU was signed by Sultan Saeed Al Badi, the Undersecretary of ADJD and Jacques Fakhoury, the Senior Partner of PwC’s Abu Dhabi office.

Al Badi said: “Courts in the Emirate are increasingly hearing complicated cases that require certain specialised expertise services in a wide range of fields, including finance and banking. Abu Dhabi investors should be confident that with global consultancies such as PwC involved in the process, complex cases will continue to be heard in a fair and transparent manner.”

This move is part of the ADJD’s efforts to provide efficient and effective legal services that meet the requirements of a fast developing economic environment in Abu Dhabi.

 In line with that move, the ADJD has initiated a programme to develop new agreements with select consultancy groups.

PwC has been chosen by ADJD because of its huge local and international presence and the range of services it provides that include accounting, auditing, finance, banking and stock market trading, that are the specific areas that complement ADJD’s requirements.

Jacques Fakhoury, Managing Partner, PricewaterhouseCoopers in Abu Dhabi said: “Abu Dhabi’s fast increasing economy brings with it ever more complex court cases with different levels of sophistication than seen before. The ADJD’s Expert Programme will ensure the right consultants are there to provide expert advice during complex financial cases. We consult government departments around the world on financial matters and, by combining this expertise with the depth of local knowledge in our Abu Dhabi office, we’re perfectly placed to support the ADJD in a similar manner.”
 

Follow Emirates 24|7 on Google News.