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Decree No. 34 of 2021 Concerning the Dubai International Arbitration Centre Impacting DIFC-LCIA Arbitration – Update | Bracewell LLP - Vimarsana News

Decree No. 34 of 2021 Concerning the Dubai International Arbitration Centre Impacting DIFC-LCIA Arbitration – Update | Bracewell LLP

Described as aggressive yet progressive, on 14 September 2021, Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, issued Decree No. 34 of 2021 (the “Decree”), accompanied by the...

Dubai Decree No. 34 of 2021 Impacts DIFC-LCIA Arbitration - Vimarsana News

Dubai Decree No. 34 of 2021 Impacts DIFC-LCIA Arbitration

Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, issued Decree No. 34 of 2021 accompanied by the Statute of Dubai International Arbitration Centre: abolishes both Emirates Maritime Arbitration Centre and DIFC’s Arbitration Institute DAI; rights and obligations to be assumed by DIAC