In response to increased market interest, we have prepared a briefing note that provides an overview of the current position on the enforcement of arbitral awards and foreign judgments in the UAE via the DIFC Courts.
Download the briefing here
Our note follows a series of landmark DIFC Court judgments over the last 12 months that have the potential to fundamentally change the enforcement landscape in the UAE for the better. As a result, commercial parties seeking to enforce arbitral awards or foreign court judgments in the UAE (and indeed the wider region) are well-advised to take heed of these important decisions.
Our update follows on from our bulletin last month on the enforcement of foreign judgments in the UAE, in light of the DIFC Court of Appeal's seminal ruling in DNB Bank ASA v Gulf Eyadah Corporation and Gulf Navigation Holdings PJSC (access this update here).
Notwithstanding these developments, the enforcement of arbitral awards and foreign judgments in the UAE and the wider Middle East remains a highly complex and uncertain exercise.