In brief The Cairo Regional Centre for International Commercial Arbitration (CRCICA) recently published its new CRCICA Arbitration Rules, which have entered into force with effect from 15 January 2024 (“2024 CRCICA Rules”). The CRCICA Arbitration Rules were last updated in 2011 and have now been revised to meet the needs of the evolving arbitration landscape in the MENA region, as well as internationally. The 2024 CRCICA Rules, which remain based on the UNCITRAL Arbitration Rules…
Background As we previously reported, in September 2021, the joint venture between the Dubai International Financial Centre and the London Court of International Arbitration (DIFC-LCIA), and the Emirates Maritime Arbitration Centre were abolished, and all respective assets, liabilities, rights, and obligations of these institutions were transferred to the newly established Dubai International Arbitration Center (DIAC) by way of Decree No. 34 of 2021 (“Decree”) (view our previous alert here). As such the DIFC-LCIA Arbitration Center and…
In brief The Dubai International Financial Centre (DIFC) Court of First Instance (DIFC Court) has considered in its recent Order of 19 September 2023 in Muhallam v Muhaf [ARB 021/2022] (the “Order”) whether a provisional award introducing interim measures is enforceable in the DIFC as an “award”. The dispute centred around the controversial issue of whether interim awards are final awards capable of recognition, including under the New York Convention. The DIFC Court held that…
In brief The recent issue of the Kingdom of Saudi Arabia’s (KSA) official gazette published in early June 2023 includes the Resolution No. 1321/1444 of 6 June 2023 (“Resolution”) issued by KSA’s Minister of Finance. The resolution adopts: The Resolution follows the liberalization of the dispute resolution regime in KSA, specifically allowing for broader use of arbitration in government contracts. General Framework The adoption by the KSA of the new Government Tenders and Procurement Law…
In brief In early July 2023, the ICC Commission on Arbitration and ADR (the “Commission”) published the Report on Facilitating Settlement in International Arbitration (the “Report”).[1] The Report aims to present the techniques that have proven to be effective in the settlement of disputes and may be considered and applied by parties and tribunals. The Report follows further endeavours by users of international arbitration for reducing costs and time spent on dispute resolution. Specifically, it…