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Recent Decree Abolishes the Emirates Maritime Arbitration Centre and the DIFC Arbitration Institute

Written by

Mahmoud Abuwasel

Partner - Disputes
mabuwasel@waselandwasel.com
When Iran Sued NASA: A Lesson in Earnest Money and Space Launch Transactions

 

On 14 September 2021, H.H. Sheikh Mohammed bin Rashid Al Maktoum – the Ruler of Dubai – issued Dubai Decree No. 34/2021 (the Decree), which ameliorates and enhances the position of the Dubai International Arbitration Centre (DIAC) in the global industry and completely redefines the arbitration ecosystem in Dubai.

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