The UAE’s Federal National Council (FNC) approved the draft Arbitration bill this week. The FNC’s approval of the draft Arbitration law, based on the UNCITRAL Model Law, evidences the UAE’s ongoing commitment to being regarded as the international arbitration hub of choice in the Middle East. Various drafts of the proposed federal arbitration law have been circulated by the UAE Ministry of Economy in the past, but, till now, have never been approved by the…
On 12 to 16 November 2017, the DIFC-LCIA Arbitration Centre hosted the Dubai Arbitration Week 2017, with various…
INTRODUCTION The construction industry in the United Arab Emirates (UAE) adopts and follows international best practices for construction…
The rapid growth of the United Arab Emirates’ (UAE’s) economy brought with it tourism, mass infrastructural projects, construction, commerce and international investment. The UAE’s exceptional growth also highlighted the need for a modern legal and judicial framework capable of instilling confidence into the growing market, and to further attract more inward investment. Most foreign investors were accustomed to operating in common law environments (as opposed to the civil law system in the UAE), which have…
The United Arab Emirates (“UAE”) has experienced decades of economic growth and has emerged as a leading regional…
This article analyses the options for arbitration in the UAE, including the DIFC. It analyses the advantages and…