As of May 7th , the new DIAC arbitration rules have come into effect. approval by H.H. the Ruler of Dubai on the 6th of May , and. Approved by the Ruler of Dubai and issued in the local Official Gazette, they superseded the rules from The DIAC Arbitration Rules. As of May 7th , the new DIAC arbitration rules have come into effect. 11 upon their approval by H.H. the Ruler of Dubai on the 6th of May , and .
|Published (Last):||8 March 2009|
|PDF File Size:||13.62 Mb|
|ePub File Size:||10.34 Mb|
|Price:||Free* [*Free Regsitration Required]|
Download International Arbitration Brochure. Following changes brought in by a number of other arbitral institutions including the DIFC-LCIA Arbitration Centre, the Dubai International Arbitration Centre is to amend its Arbitration Rules to bring them in line with modern arbitration practice and to ensure its offering remains competitive. Accept View our cookies policy. The proposed new rules should bring ameliorated mechanisms of ratification and enforcement of arbitral awards delivered under the auspices of the DIAC.
Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. Article 4 of the CPC has been widely interpreted and recognised as requiring arbitrators to render the award within the UAE, with signing of the award physically taking place in the UAE.
The New DIAC Arbitration Rules 2018
If such a power of the Tribunal includes the power to sanction counsel as opposed to partiesthis raises the issue of whether the Tribunal has the jurisdiction over counsel to take any steps to comply with the sanctions. Aceris Law LLC is a leading international arbitration boutique law firm that provides legal representation for commercial, construction and investment arbitrations in all jurisdictions. Ruules learn more about this topic, please do not hesitate to contact us.
The DIAC Arbitration Rules have undergone fewer revisions than the rules of other major international arbitration institutions.
rulse Previously, legal fees were not considered recoverable on the basis of the Dubai Court of Cassation’s decision in Case No. A party can, either by agreement or application to the DIAC Executive Committee, request that the arbitration be dealt with on an expedited basis. We would therefore hope to see the finalised rules published in early Perhaps most importantly, in light of the recent developments, i.
Legal fees and third party funding. In the end arbitragionthe DIAC announced its intended publication of new arbitration rules. No need to sign the award in Dubai. Nabeel Ikram Partner Dubai. Both of these new rules introduced measures designed to make arbitration more efficient and cost-effective, in each case by including new provisions, or clarifying existing ones, relating to: Power to sanction counsel? Each of these proposed amendments is likely to be welcomed by practitioners and parties.
Although the Proposed New Rules will be issued by Decree thus having force of law as is the arbitrration with the current DIAC Arbitration Rulesin the hierarchy of laws, the CPC would still have supremacy over the Decree, raising doubts over the compatibility of this proposed provision.
We will provide a more comprehensive analysis of the draft rules at our Annual Middle East Dispute Resolution Seminar on 11 Arbitragion and indeed, a more definitive analysis of the Proposed New Rules once they are enacted. They also give the possibility of control over draft awards, which arbitratipn not previously exist. The main version of the rules is in English.
Many of the proposed amendments are intended to make arbitration under the DIAC Rules more efficient and userfriendly. The implication of this change is potentially two-fold: We’d be happy to talk.
This is a preliminary overview based on the discussions that took place during Dubai Arbitration Week. How should we contact you?
THE DRAFT DIAC RULES
The Proposed New Rules have not yet been published and no draft has been circulated as of yet, though excerpts were outlined. This latest version remains unpublished, but it should encompass the latest mechanisms and procedures already applied by riles arbitral institutions, reflecting current best practice.
Publications Client Alert 20 November