Dispute resolution in the United Arab Emirates: what are the options? Part one
By Alex Freeman
Following the Dubai International Finance Centre (DIFC) court judgment in Banyan Tree Corporate PTE Ltd v Meydan Group LLC, parties operating within Dubai and the wider United Arab Emirates (UAE) have been forced to reconsider their approach to dispute resolution and, in particular, to selecting the most appropriate forum in dispute resolution clauses.
The Banyan Tree case confirmed the extent of the DIFC court’s jurisdiction to recognise arbitral awards — a ruling that could save a party up to two years in court where enforcement of an award is necessary.
In this three-part series, our international construction disputes team considers the options open to those involved with projects in the region and the potential impact of this decision. Here, in part one, we look at the issue of getting dispute resolution clauses right, thinking about the laws that should apply to any dispute and a brief overview of the court options available…
Click on the link below to read the rest of the Wragge Lawrence Graham & Co briefing.
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