UAE Arbitration Law

DIFC Academy in collaboration with LexisNexis and Horizons & Co proudly presents a webinar on UAE Arbitration Law .

The most significant development in dispute resolution in the UAE, is the recent promulgation of the UAE’s standalone Arbitration Law. Federal Law No. 6/2018 which was Gazetted on 15 May 2018, officially brings into place a UNCITRAL modelled law which significantly improves the UAE legal regime on arbitration and formally repeals the previous provisions on arbitration in the UAE Civil Procedure Code. With the new law we see the introduction of a comprehensive framework for arbitration which is in line with international norms and best practices.

The new law has adopted the UNCITRAL-based model for arbitration legislation (United Nations Commission on International Trade Law). This means that the legal framework for arbitration in the UAE has been significantly modernised and now UAE seated arbitrations can be seen to be very much in line with international best standards, in the following ways:

• Applicability
• Arbitration Agreement
• Arbitral Tribunal
• Jurisdictional Competence
• Interim and Precautionary Measures
• Recognition and Enforcement
• Nullification
• Continuing Arbitral Proceedings

Speaker:

Ali Ismael Al Zarooni

Managing Partner | Horizons & Co