Date of Award

4-2024

Document Type

Thesis

Degree Name

Master of Private Law

Department

Private Law

First Advisor

د/ إيناس القدسي

Abstract


Using Smart Contracts in Financial Stock Market: An Analytical Study

Smart contracts are considered one of the latest technologies that have obtained attention from many Legalists and Engineers. Smart contracts are a set of arrangements written via programming languages through computer programs or by programmers without the need for an intermediary. Smart contracts are self-executing. It executes once the terms and conditions agreed between the parties happen.

Perspectives differ among legalists about the legality of smart contracts. Some legalists consider these contracts as binding legal contracts, while others believe that a smart contract might be just a part of a traditional contract. On the other hand, some legalists question their entire legal nature. This study focuses on whether these contracts are legal and binding and the possibility of using these contracts in the UAE stock market.

This study discussed the nature, characteristics, advantages, limitations, and applications of smart contracts. Moreover, this study shows the possibility of applying the general rules of contracts and obligations and some special laws on these contracts.

Arabic Abstract

ﺗﻌﺘﺒﺮ اﻟﻌﻘﻮد اﻟﺬﻛﯿﺔ ﻣﻦ أﺣﺪث اﻟﺘﻘﻨﯿﺎت اﻟﺘﻲ ﻻﻗﺖ اھﺘﻤﺎم اﻟﻌﺪﯾﺪ ﻣﻦ اﻟﻘﺎﻧﻮﻧﯿﯿﻦ واﻟﺘﻘﻨﯿﯿﻦ ﻋﻠﻰ ﻣﺴﺘﻮى اﻟﻌﺎﻟﻢ. وھﻲ ﻋﺒﺎرة ﻋﻦ ﻣﺠﻤﻮﻋﺔ ﻣﻦ اﻻﺗﻔﺎﻗﯿﺎت ﺗﻜﺘﺐ ﺑﺎﺳﺘﺨﺪام اﻟﻠﻐﺎت اﻟﺒﺮﻣﺠﯿﺔ ﻣﻦ ﺧﻼل ﺑﺮاﻣﺞ ﺣﺎﺳﻮﺑﯿﺔ أو ﻣﺒﺮﻣﺠﯿﻦ دون اﻟﺤﺎﺟﺔ إﻟﻰ وﺟﻮد وﺳﯿﻂ. وﺗﺘﻤﯿﺰ ھﺬه اﻟﻌﻘﻮد ﺑﺄﻧﮭﺎ ذاﺗﯿﺔ اﻟﺘﻨﻔﯿﺬ، أي أﻧﮫ ﺳﯿﺘﻢ ﺗﻨﻔﯿﺬھﺎ ﺑﺸﻜﻞ ذاﺗﻲ ﺑﻤﺠﺮد ﺗﺤﻘﻖ اﻟﺸﺮوط اﻟﻤﺘﻔﻖ ﻋﻠﯿﮭﺎ ﺑﯿﻦ أطﺮاف اﻟﻌﻘﺪ.

ﺗﺨﺘﻠﻒ وﺟﮭﺎت اﻟﻨﻈﺮ ﺑﯿﻦ اﻟﻘﺎﻧﻮﻧﯿﯿﻦ ﺣﻮل ﻣﺪى ﻗﺎﻧﻮﻧﯿﺔ اﻟﻌﻘﻮد اﻟﺬﻛﯿﺔ وإﻟﺰاﻣﯿﺘﮭﺎ، ﻓﺒﻌﻀﮭﻢ ﯾﻌﺘﺒﺮھﺎ ﻛﻌﻘﻮد ﻗﺎﻧﻮﻧﯿﺔ ﻣﻠﺰﻣﺔ، ﻓﻲ ﺣﯿﻦ ﯾﺮى آﺧﺮون أﻧﮭﺎ ﻗﺪ ﺗﺸﻜﻞ ﺟﺰءا ﻣﻦ ﻋﻘﺪ ﺗﻘﻠﯿﺪي، ﺑﯿﻨﻤﺎ ﯾﺸﻜﻚ اﻟﺒﻌﺾ اﻵﺧﺮ ﻓﻲ طﺒﯿﻌﺘﮭﺎ اﻟﻘﺎﻧﻮﻧﯿﺔ ﺗﻤﺎﻣﺎ. وھﺬه اﻟﺪراﺳﺔ ﺗﺮﻛﺰ ﻋﻠﻰ ﻣﺎ إذا ﻛﺎن ﺑﺎﻹﻣﻜﺎن اﻋﺘﺒﺎر اﻟﻌﻘﻮد اﻟﺬﻛﯿﺔ ﻛﻌﻘﻮد ﻗﺎﻧﻮﻧﯿﺔ ﻣﻠﺰﻣﺔ، وﻣﺪى إﻣﻜﺎﻧﯿﺔ اﺳﺘﺨﺪام ھﺬه اﻟﻌﻘﻮد ﻓﻲ ﺳﻮق اﻷوراق اﻟﻤﺎﻟﯿﺔ اﻹﻣﺎراﺗﻲ.

وﺗﻨﺎوﻟﺖ ھﺬه اﻟﺪراﺳﺔ ﻣﺎھﯿﺔ اﻟﻌﻘﻮد اﻟﺬﻛﯿﺔ وﺧﺼﺎﺋﺼﮭﺎ، واﯾﺠﺎﺑﯿﺎت وﺣﺪود ھﺬه اﻟﻌﻘﻮد وﺗﻄﺒﯿﻘﺎﺗﮭﺎ، وﻣﺪى إﻣﻜﺎﻧﯿﺔ ﺗﻄﺒﯿﻖ اﻷﺣﻜﺎم اﻟﻌﺎﻣﺔ ﻟﻠﻌﻘﻮد واﻻﻟﺘﺰاﻣﺎت وﺑﻌﺾ اﻟﻘﻮاﻧﯿﻦ اﻟﺨﺎﺻﺔ.

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