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Afridi & Angell

Stuart Walker

Stuart Walker

Partner

Expertise

  • Banking & Financial Services
  • Dubai International Financial Centre
  • Employment
  • Financial Services Regulation

WSG Practice Industries

Activity

Afridi & Angell
United Arab Emirates

Profile
Mr Walker’s primary practice includes financial services regulation, corporate finance, mergers and acquisitions and employment matters. He leads the field in advising parties during Dubai Financial Services Authority (DFSA) investigations and, where necessary, negotiating settlements on their behalf. Mr Walker was instructed by the first authorised firm to be fined by the DFSA and has since gone on to advise in connection with a significant number of DFSA investigations.

Mr Walker is a regular contributor to Euromoney’s Global Banking & Financial Policy Review. He is the co-author of the UAE chapter, Financial Services Regulation in the Middle East, Oxford University Press (2008). He has contributed articles to various publications including the International Financial Law Reviews and Lawyer Monthly.

Mr Walker joined Afridi & Angell in 2003 and became a partner in 2008. Prior to joining the firm Stuart was a solicitor in the banking department of Lovells in London. He lived and worked in London, Hong Kong, New York and Dubai. Prior to qualifying as a lawyer, he wrote for and edited various trade journals and other publications


Bar Admissions

Law Society of England and Wales, U.K.

Education

• Legal Practice Course, College of Law, London, 1999
• Common Professional Examination, University of Hong Kong, 1997
• BA (Hons.), Sociology and Economics, University of York, England, 1993

Areas of Practice

Banking & Financial Services | Dubai International Financial Centre | Employment | Financial Services Regulation

Professional Career

Professional Associations

  • International Bar Association
    Financial Services Lawyers Association

Seminars

• Panelist, What do practitioners think of DIFC wills?, Optimal Successions in Dubai 7 the UAE, Dubai, 23-25 November 2015
• Member of Emerging Courts Session, 4th GCC Regulators’ Summit, Doha, 22-23 February, 2010
• Do compliance programmes mitigate against fines or damages claims? A practitioner’s view. Conference: Dispute Resolution in the Middle East, Dubai, October 2009



Professional Activities and Experience

Prior to joining Afridi & Angell in 2003, Mr. Walker was a solicitor in the banking department of Lovells in London.
Articles

DIFC Courts Issue First Judgement Summoning UAE Witnesses
Afridi & Angell, March 2021

The DIFC Court of First Instance has, for the first time in its history, issued a judgement allowing the examination of witnesses resident in the UAE pursuant to two requests for judicial assistance (Letters Rogatory) from the District Court of the State of Minnesota, USA (the US Court). The judgement, issued by Justice Robert French, clarifies the scope of Rules 30.65, 30.66 and 30.67 of the Rules of the DIFC Courts (the RDC)...

Compliance with DIFC Data Protection Law 2020 – Deadline 1 October 2020
Afridi & Angell, September 2020

DIFC entities have until 1 October 2020 to ensure that their data processing activities are compliant with the new Data Protection Law (DIFC Law 5 of 2020) (the DP Law). Who is subject to the DP Law? • DIFC entities.• Non-DIFC entities that regularly engage with DIFC entities as part of a “stable arrangement”, which involve data being processed in the DIFC and/or transferred out of the DIFC. Practical Guidance 1. Maintain a record of Personal Data. 2...

DIFC Increases Scope and Fines
Afridi & Angell, September 2020

The DIFC has expanded the scope of the common reporting standards, meaning more people must make filings plus increased fines for non-compliance. With effect from 16 August 2020, DIFC Law 6 of 2020 (the CRS Law Amendment Law) was enacted to amend the Common Reporting Standard (CRS) Law, DIFC Law 2 of 2018 (the CRS Law). This enactment follows the issuance of the new CRS Regulations, which came into effect on 30 July 2020...

Additional Articles

• Co-author of the UAE chapter of The Banking Regulation Review, 7th edition 2016, Law Business Research
• Co-author of the UAE chapter of The Private Wealth & Private Client Review , 4th edition 2015, Law Business Research
• Co-author of the UAE chapter of The Banking Regulation Review, 6th edition 2015, Law Business Research
• Do I need a DIFC Will?, Afridi & Angell inBrief, 13 May 2015
• DFSA imposes record fine on Deutsche Bank, Afridi & Angell inBrief, 27 April 2015
• Co-author of the UAE chapter Hedge Funds Jurisdictional Comparisons, 1st & 2nd editions, The European Lawyer Reference
• Co-author of Asset Management, The European Lawyer Reference, 1st edition, 2012
• Co-author of Asset Management: United Arab Emirates and the Dubai Financial Centre, 2010 & 2011
• Employment Law: Client Strategies in the Middle East and Africa, Inside the Minds (Thomson Reuters), February 2010


WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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