Arbitration reform in the UAE and Dubai as an alternative place of arbitration
The United Arab Emirates have made considerable efforts to improve their position as a global alternative dispute resolution hub. In line with this objective, the UAE undertook an arbitration reform to modernise their current arbitration process and align the UAE arbitral framework to international standards. As a result, Dubai was named as top-10 arbitration seat in the world according to the International Arbitration Survey conducted jointly by the White & Case law firm and Queen Mary University of London. Also, In 2008, an arbitration centre DIFC-LCIA was established to increase the attractiveness of the UAE in the region by cooperation with a credible institution with long history – LCIA.
November 1, 2022