In brief The recently issued Rules of the Dubai International Arbitration Centre (the “New DIAC Rules“) have come into effect on 21 March 2022. Following the joint press release of the DIAC and the London Court of International Arbitration (LCIA), all arbitrations, mediations and alternative dispute resolution proceedings submitted to the DIAC after this date will be governed by the New DIAC Rules. The New DIAC Rules also align with the procedural developments entrenched in…
A recent judgment by the Dubai Courts in favor of a major real estate developer has shed light on how the courts interpret the termination of a sale and purchase agreement (SPA) entered into by an investor for a hotel apartment specifically for investment purposes. The Court of Cassation recently handed down a distinct judgment: the purpose behind the purchase of a hotel flat or hotel unit is critical for determining the right to terminate…
In brief Following the issuance of Decree No. 34 of 2021 which abolished the DIFC-LCIA Arbitration Centre, the Dubai International Arbitration Centre (DIAC) and the London Court of International Arbitration (LCIA) have now confirmed the administration of DIFC-LCIA cases going forward. According to their joint press release issued on 28 March 2022, all cases commenced and registered with the DIFC-LCIA on or before 20 March 2022 will now be administered by the LCIA. Cases commenced…
In brief The long-awaited Decree-Law No. 33 of 2021 on Regulation of Labour Relations (the “New Labour Law”) is among a number of new legal developments introduced recently in the UAE. Over the course of the last few weeks we have also seen significant changes to the Data Protection and e-Transactions Laws, and of course, the change to the UAE weekend which has attracted significant attention worldwide. On Tuesday, 7 December 2021, the UAE Government…
In Brief The recently issued Decree No. 34 of 2021 by Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum has been a trending topic. The Decree dissolves the Emirates Maritime Arbitration Centre (EMAC) and the Dubai International Financial Centre (DIFC) Arbitration Institute and assigns their obligations to the Dubai International Arbitration Centre (the New DIAC). Dr. Habib Al Mulla had proposed the changes to the Dubai Government and prepared the first draft of the law…