Denton Wilde Sapte (DWS) has landed a lead role advising on the launch of the Dubai Mercantile Exchange (DME), the first energy and futures exchange in the Middle East.
DWS’s London and Dubai financial markets and regulation teams advised the DME as it sought regulatory approval from the Dubai Financial Services Authority and on its subsequent launch.
The DWS team was led by financial markets and regulation partner Brett Hillis. Hillis said: “We’ve worked with the US exchange, Nymex [New York Mercantile Exchange], and we have a lot of experience in this field. I think this made us a good choice for Dubai for the launch of its exchange.”
The DME will be the third global energy exchange along with Nymex and ICE Futures in London.