DOING BUSINESS IN THE
MIDDLE EAST: PROBLEM SOLVED

UAE Enacts New Arbitration Law

A newly enacted law may well have solved one of the most significant issues for all businesses with operations and interests in the Middle East: if a dispute emerges, how can I ensure that it is resolved efficiently, at a mutually agreeable venue, within an international framework and by a body which is familiar to me, while at the same time making sure that the process is Middle East focused and has teeth throughout the region?

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, has enacted the new Arbitration Law of the Dubai International Financial Centre (DIFC).

The new law, enacted September 2, amends the previous restrictions on who can elect to have their disputes resolved within the DIFC and, by doing so, take their dispute outside of the local court regime.

At the same time, the DIFC has launched a joint venture whereby arbitrations within the DIFC will now be jointly administered with the London Court of International Arbitration (LCIA).

Businesses now have the opportunity to avail themselves of:
 

1. International arbitration conducted within the Middle East, under the supervision of internationally renowned judges and within one of the most modern, user-friendly and technically sophisticated court systems in the world.

 
2. Arbitration conducted under a law which is based on the United Nations recommended model law and a procedure which is administered, on the ground, by the LCIA.

 
3. Arbitration awards which are more readily enforceable throughout the Middle East.

If you are currently involved in a project or a dispute in the Middle East and require further information please contact:

For more information
on DLA Piper's International Arbitration practice, please contact:

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