The ADGM Arbitration Centre had introduced an innovative “Mediation in the Metaverse” initiative in 2023, which is designed to transform the global mediation landscape. Utilizing cutting-edge Web3 technology, this initiative offers a virtual counterpart to ADGM’s advanced arbitration and mediation facilities. By enabling participants to conduct mediation sessions through video from any location via desktop...
This represents a positive shift towards a more arbitration-friendly approach in UAE courts. On 26 February 2024, the Abu Dhabi Court of First Instance, Commercial Division, ruled in Case No. 1046/2023, presided over by Judge Ahmed Bakri Abdullah Hassan Al-Sayed, affirming the validity of a DIFC-LCIA arbitration agreement. This decision was further upheld by the...
The Dubai International Financial Centre (DIFC) was established in 2004 to position Dubai as a leading capital market, boasting its own judicial system. Inspired by English law, this system mirrors the procedures of English courts, overseeing civil and commercial transactions within the DIFC. Since its inception, the DIFC has drawn approximately 880 companies, predominantly operating...
A look at the fate of existing DIFC-LCIA arbitration clauses after Dubai’s Decree 34 of 2021 dissolved the DIFC-LCIA and transferred its functions to the DIAC (Dubai International Arbitration Centre). In a recent development in the sphere of international dispute resolution, a United States court has refused to enforce a Dubai International Financial Centre-London Court...
A majority of tariff lines will be subject to 0% customs duties. Other tariff lines will undergo phased elimination of customs duties over 5, 7, and 10 years. Introduces an invoice declaration of origin tailored for approved exporters. Collaborative efforts are underway to address Technical Barriers to Trade (TBT). Commits to implementing Authorized Economic Operator...
Medical Termination of Pregnancy is allowed when: aborting the fetus is the only option available to save the life of the pregnant woman. the fetus is malformed, with high chance of stillbirth or deficiencies in the child’s health, development and quality of life. Private health facilities must refrain from abortion operations unless they hold specific...
Arrest Threat for Payment Defaulters Eased in Landmark Judgment by The Dubai Court of Cassation
Notarization and authentication of contracts and other documents can be exclusively in English. This strategic initiative eliminates the need for translation of documents into Arabic. Digital accessibility significantly reduces processing time.
