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…
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