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…