August 21st 2006, the United Arab Emirates signs the New York Convention without any reservation. It is the first step they take towards turning the UAE into the single most active country in the Middle East on Arbitration Law. The UAE counts three different arbitral regimes: the national regime based on UAE Federal Law, and two free zones with their own English-language common-law courts: the Dubai International Financial Centre (DIFC), and the Abu Dhabi Global Market (ADGM). The UAE is also home to eight different arbitration centres.
No surprise there; the UAE has for the past 30 years distinguished itself as an active actor in the global marketplace and is now building up a reputation as a preferred seat for international arbitration equalling, in the Arab world, legal centres of excellence such as London, Paris and New York.
That said, for the UAE the challenge is even greater, the arbitration system and legislation in place have a number of differences with other countries around the world. For example, in the UAE arbitrators are criminally liable while in Europe arbitrators are only civilly liable.
Join Dr Hassan Arab, Laila El Shentenawi, John Gaffney and Thomas Snider from Al Tamimi in four tailor-made courses on everything you need to know with regard to today’s Arbitration trends and practices in the UAE.
Info & Registration: https://www.lexis.ae/events/arbitration-master-class/