So you think you can arbitrate?
This article addresses situations where there is an arbitration agreement but the dispute is reviewed by the national courts instead of being referred to arbitration or the arbitration clause is contested. Minor issues could cause an unwanted outcome contrary to what the parties agreed to initially.
In a recent case handled by Al Tamimi & Company in Abu Dhabi, the Claimant filed a case against the Defendant before the Abu Dhabi Courts disputing some issues in the agreement they previously concluded and requesting the appointment of an expert to evidence the Defendant’s alleged defaults.
The disputed agreement was a set of documents divided into two parts attached to each other, namely, part 1 and part 2…
If you are registered and logged in to the site, click on the link below to read the rest of the Al Tamimi & Company briefing. If not, please register or sign in with your details below.
Click on the link above to download briefing.
News from Al Tamimi & Company
Briefings from Al Tamimi & Company
Corruption has a detrimental effect on any economy. It creates unfair advantages, anti-competitive practices and a generally unfavorable business environment.
The Libya Herald reported on 16 April 2013 that ‘the IMF confirmed its forecasts on Libya of 20.2 per cent GDP growth in real terms for 2013’.