Enforcement of Arbitral Awards in the UAE-Part II: Enforcing DIFC-LCIA Arbitral Awards

Analysis

Enforcement of a DIFC-LCIA arbitral award within DIFC is relatively straightforward. The party relying on an award or applying for its enforcement must supply to the DIFC Court the original award and the original Arbitration Agreement

In this second article in our three-part series, we discuss the enforcement of DIFC-LCIA arbitral awards within the DIFC, and "on shore" in the Dubai Courts.

Introduction

The DIFC-LCIA Arbitration Centre (the "Centre") was founded in February 2008 as a partnership between two institutions, the relatively new Dubai International Financial Centre (established in 2004) and the long-established London Court of International Arbitration (which can trace its origins back to 1883).

The Centre was established under the DIFC Arbitration Law, DIFC Law No. 1/2008 ("Arbitration Law") which replaced the previous DIFC arbitration legislation (DIFC Law No. 8/2004).

The objective of the Arbitration Law was to provide the DIFC with a modern arbitration service based on the international UNCITRAL model.