After the expiry of the six-month period to adjust the status of the center

Dubai International Arbitration begins applying the new rules to all cases

The Dubai International Arbitration Center announced that, starting from March 21, 2022, the center will be the authority authorized to consider, adjudicate and register disputes arising from agreements in which the arbitration clause refers to the rules of canceled arbitration centers, pursuant to Decree No. (34) of 2021, in accordance with the new arbitration rules. 2022, which he launched after being finally approved by the Board of Directors.

The Dubai International Arbitration Center confirmed that the new arbitration rules will apply to all arbitration cases that will be received by the center starting from March 21, 2022, after the expiry of the six-month period set by the decree for the Dubai International Arbitration Center to reconcile its conditions, supervise all disputes, and consider and decide them according to its new rules. .

The Dubai International Arbitration Center pointed out that it is entering a new phase of its journey in support of the leadership's vision and consolidating the emirate's position as a global destination for resolving disputes by alternative means. With all the requirements of this stage, he has developed new arbitration rules in accordance with international best practices, and is ready for this task, which will enhance Dubai's competitiveness and its ability to create an environment conducive to business growth and development.

A branch of the Dubai International Arbitration Center was also opened in the Dubai International Financial Center, in compliance with the requirements of Decree No. 34.

The Dubai International Arbitration Center is a non-governmental center that enjoys legal personality and financial and administrative independence. The center’s objectives are to consolidate Dubai’s position as a reliable global center for dispute resolution through alternative means, and to enhance the center’s position as one of the best options for the parties to disputes, to resolve their disputes efficiently and effectively, through the application of Best international practices in the management of alternative dispute resolution procedures, in a manner that serves the financial and business community in the UAE and enhances the elements of excellence in it.

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