Rights and Obligations of Parties under Contract Duties Overview, Sample Clause The best way to define contractual obligations is to say that they are the legal responsibilities of each party involved in a contractual agreement. In a contract, both parties will exchange an item or service of value, but certain expectations must be met in …
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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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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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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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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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Arbitration Adjudication, mediation, mediator, negotiation, conciliation, intervention ADR | Alternative Dispute Resolution | Procedure What is Arbitration? Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute …
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Arbitration or Litigation? The parties to a dispute are in principle to choose a method of resolving it. Arbitration and litigation each offer certain advantages. Even where a contract contains a clause stating that disputes shall be settled by arbitration, the parties may agree to ignore this and instead go to court. However, the presence …
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