New rules of the Abu Dhabi Commercial Conciliation and Arbitration Centre
The Abu Dhabi Commercial Conciliation and Arbitration Centre (ADCCAC) circulated a draft version of its new arbitration rules in September 2013. The new ADCCAC rules have now been issued in final form and are effective from 20 October 2013.
The new ADCCAC rules are likely to be seen as a positive step that is in line with other initiatives to develop Abu Dhabi into a modern hub for business in the Middle East.
The new rules replace the old rules with a more modern framework for arbitration that is comparable to that of other leading arbitration institutions in the region. The procedure under the new ADCCAC rules is much clearer than it was under the old rules and should serve to reduce the scope for delays due to ambiguities or an absence of fixed deadlines for specific procedural steps. The new rules introduce relatively short deadlines for the appointment of arbitrators and the issue of the arbitral award, which should help to improve the speed and efficiency of arbitrations under the ADCCAC rules…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
Money purchase deconstructed: working with the new definition — a checklist for trustees and administrators
The definition of money purchase benefits is changing, as are the rules on how schemes are required to deal with any benefit that becomes classified as a ‘non-money purchase’.
Despite the progress that has been made towards launching the European unitary patent system and the Unified Patent Court, Spain continues to actively oppose the changes.
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.