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Home » Former US Secretary of State Hillary Clinton remarks on Abu Dhabi’s growing ‘Falcon Economy’

Former US Secretary of State Hillary Clinton remarks on Abu Dhabi’s growing ‘Falcon Economy’

by Mohammad Ghazal

Abu Dhabi Global Market (ADGM) successfully delivered the second edition of RESOLVE, Abu Dhabi’s International Dispute Resolution Forum today, welcoming to the stage the likes of Hillary Rodham Clinton, 67th US Secretary of State, Presidential Candidate, Senator, First Lady, and Lawyer who spoke in a fireside chat as she visited the UAE and the region after more than a decade, touched upon the successes of Abu Dhabi and the UAE and how it is growing as a ‘Falcon Economy’.

The wide-ranging and thought-provoking session with Secretary Clinton moderated by Linda Fitz-Alan, Registrar and Chief Executive, ADGM Courts provided insights on the pace of change Abu Dhabi has experienced since her last major public engagement in Abu Dhabi in 2011 and went on to highlight how the disruptions of the new age technology and innovation are being met with regulatory and legislative balance in Abu Dhabi. She also spoke about her life in the field of law as she dedicated four decades of her career to public service, the evolving legal system, the role of AI, sustainability and how it affects individuals and businesses, and the efforts of the Clinton Climate Initiative as well as her hopes for the future.

The one-day event hosted at ADGM gathered approximately 900 attendees from the international dispute resolution community, government leaders and thought leaders from the industry and academia who witnessed interesting discussions from a line-up of outstanding speakers and panellists around RESOLVE’s four main themes Sustainability, Web3 and Artificial Intelligence (AI), Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) and sanctions, as well as the evolving infrastructure of the UAE at its core. The opening keynote by Linda Fitz-Alan highlighted the purpose of RESOLVE which is to shine a spotlight on the depth and breadth of Abu Dhabi’s dispute resolution community and to underscore Abu Dhabi and ADGM’s record as dynamic forces focused on dispute resolution at its best.

Queen Mary University of London (QMUL) global survey conducted in partnership with Pinsent Masons on the ‘Future of International Energy Arbitration’ was unveiled at the event. The survey examined two main themes which have come into sharp focus due to the present volatility of the international energy markets: the prevailing drivers of disputes in the short to medium term which have developed over the last 12 months and how international arbitration can adapt to this environment to best serve the needs of the energy sector.

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM said, “In line with the goals and national agenda of the wise leadership of the UAE in creating an effective judiciary environment for the region, ADGM Courts and Arbitration Centre launched the Abu Dhabi International Dispute Resolution Forum last year. In the second edition of RESOLVE this year, ADGM is delighted and honoured to host the former US Secretary of State, Hillary Clinton in ADGM and Abu Dhabi.”

He further added, “This year’s edition delved into some of the most pressing global issues faced by governments and industries around the world and the innovative role that the legal industry plays. As the international financial centre equipped with a digital-first court and arbitration centre, we take pride in the fact that we were able to make a meaningful impact to push, provoke, challenge, and encourage a group of thought leaders and influencers in this industry to not just take action but execute it in a big and bold fashion. We continue to be committed to fostering the importance of judicial framework and legislative offerings of Abu Dhabi across borders through such forums and initiatives.”

ADGM Courts and Arbitration Centre have led global conversations on emerging international dispute resolution topics. They have cemented their solid reputation amongst the global dispute resolution community as both a highly respected independent civil and commercial court and a trailblazer in the digitisation of the judiciary including the enforcement of judgments on the blockchain, and an exceptional centre to host hearings and mediations, now trialling its “mediation in the metaverse” service. 

They are strongly committed to growing RESOLVE over the years ahead to make the annual forum a major highlight in the global legal events calendar as it fosters the ongoing success and prosperity of Abu Dhabi as a hub and preferred dispute resolution destination for global businesses and investors.

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