As per the internal government memo, Davis will assume the role of Chief Executive Officer (CEO) of the IDO. Davis has been a leading practitioner in the energy field and his joining an oil country's legal advisor team fits in with his capabilities. In his capacity as the CEO, he will be responsible for establishing and overseeing the legal affairs department for the government of Ras al Khaimah within the IDO.
Davis agreed to pay $511,145 in April 2012 as part of a settlement releasing him from mismanagement claims by the trustee of the Dewey estate and had kept out of the public eye since then. However, he was subject to an investigation by the Manhattan district attorney's office a year later, which brought him back to the limelight. A group of Dewy partners triggered this new investigation by presenting evidence about the alleged financial improprieties by Davis to the district attorney. Although Davis categorically denied any wrongdoing, the investigation is still ongoing. Davis had not taken up a position at any firm after Dewey ousted him. The new position is expected to be quite a change of scene, climatically and otherwise, for the New Yorker. Although Ras al Khaimah lacks the mineral wealth of Abu Dhabi and Dubai, it has the world's largest ceramics companies. In addition, it is known to have invested in development projects in Georgia, a country in the Caucasus region.
