Tom Montagu-Smith, barrister, XXIV Old Buildings

Opinion: Dubai moves to establish insolvency legislation model

  • Print
  • Comments (2)

Readers' comments (2)

  • The author would do well to read Practice Direction 1 of 2010 issued by the Special Tribunal for Dubai World.
    The PD states that it will be the policy of the tribunal to uphold arbitration clauses and that the tribunal expects parties to fulfill contractual obligations.
    Whilst this is by no means an iron clad guarantee that arbitration clauses will be upheld, given that it is described as a policy to respect these, the Tribunal has allayed some concerns in this respect

    Unsuitable or offensive? Report this comment

  • To be fair to the author, this article will have been submitted long before 30th March when the Practice Direction was issued. Its issue confirms the prediction that Decree 57 will be supplemented. In any event, it is far from clear that the PD can override the effect of the Decree.

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (2)