Page Tags: arbitration

Arbitration Institutions

Arbitration Institutions Historically, parties preferred litigation and were generally reluctant to use arbitration. This was particularly because some uncertainty that was considered to surround the enforcement of arbitral awards. Although there is still a degree of uncertainty regarding enforcement, local courts are now generally more familiar with the arbitration process and more willing to recognise …

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Agreement to Arbitration

Agreement to Arbitration

Agreement to Arbitration What is an arbitration agreement? the Arbitration Agreement is a written contract in which two or more parties agree to settle a dispute outside of court. The arbitration agreement is ordinarily a clause in a larger contract. The dispute may be about the performance of a specific contract, a claim of unfair …

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International Arbitration

International Arbitration What Is International Arbitration? International arbitration is similar to domestic court litigation, but instead of taking place before a domestic court it takes place before private adjudicators known as arbitrators. It is a consensual, neutral, binding, private and enforceable means of international dispute resolution, which is typically faster and less expensive than domestic court proceedings. The use of international arbitration has evolved to allow parties …

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Pricing variation

Pricing variation Variation In Writing Because of the many different categories of legal claim made under the heading of variation claims, there are many ways in which the so-called variations are priced. The most straight forward variation claim is that based on debt. For example a contract may provide that if the owner directs the …

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The New Arbitration Law

The New Arbitration LawThe issuance of Federal Law No.6 of 2018, the new Arbitration Law The issuance of Federal Law No. 6 of 2018, the new Arbitration Law, is a long awaited and welcome development in the UAE. We expect that the new Arbitration Law will strengthen the UAE’s position as the preferred choice for …

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UAE set to be global arbitration hub

UAE Federal Arbitration Law

New law will have a positive impact on both domestic and foreign businesses. Federal Arbitration Law The UAE has unveiled the long-anticipated new ‘Federal Arbitration Law’ that will go a long way to consolidating the country’s position as the most attractive hub for arbitration in the Middle East and North Africa region, legal experts said. …

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Can a contractor challenge the liquidated damages ?

liquidated damages

Can a contractor challenge the liquidated damages ? What are liquidated damages? Sum of money (agreed-to and written into a contract) specified as the total amount of compensation an aggrieved party should get, if the other party breaches certain part(s) of the contract. The contract also establishes what actions or failures to act constitute a …

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Claims Under The New FIDIC Conditions of Contracts

Claims Under The New FIDIC Conditions of Contracts

Claims Under The New FIDIC Conditions of Contracts  This article reviews of the requirements and procedures for the FIDIC Conditions of Contract from a practical point of view with regard to the Dispute Adjudication Board. It is a practical guide rather than a detailed legal analysis, to assist engineers and others will use construction contracts. …

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Alternative Disputes Resolution – ADR

Alternative Disputes Resolution

Alternative Disputes Resolution   Definition Besides than court system, there are other ways for people to solve their disputes. Due to the inefficiency of the court system, two main alternative dispute resolutions such as mediation and arbitration are to be introduced. Alternative Disputes Resolution also known as ADR refers to settling the disputes outside the court. ADR …

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Arbitration Under English Law

English Law | Arbitration under English Law | Act

Arbitration Under English Law It must first be noted that arbitration usually refers to alternative dispute resolution, whereby there is a neutral third party. The first point that one must consider is that the process of arbitration is used because it is much more efficient and cheaper than the court process. Arbitration makes the process …

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