The Role of National Courts. The UAE Courts With the tremendous growth in international trade and investments, international commercial arbitration has become a frequently used mechanism to settle investment/trade/contractual dispute. Most people are of the opinion that resolution of dispute by litigation in court is time consuming and money consuming whereas arbitration may speed the …
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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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FEDERAL DECREE – NEW YORK Federal Decree No. 43 for the Year 2006 Regarding The United Arab Emirates Joining the Convention of New York on Recognition and Enforcement of Foreign Arbitral Awards The Decree: We, Khalifa Bin Zayed Al Nahyan, the President of the United Arab Emirates, After perusal of the constitution, And Federal Law …
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The UAE Civil Procedure Code, Federal Law No. (11) of 1992 Chapter Three Article Article | ARBITRATION Article (203) The parties to a contract may generally stipulate in the basic contract or by a supplementary agreement that any dispute arising between them in respect of the performance of a particular contract shall be referred …
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