Arbitrators Dealing with Real Estate Property Disputes - Is It A Matter of Public Policy?
Type
E-journal
Date
7 Apr 2016
Jurisdiction
United Arab Emirates
Taxonomy
Arbitration, General Real Property Law
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
A detailed analysis showing the arguments against setting aside arbitral awards in the UAE based on Public Policy
The UAE is a young and dynamic country and its real estate market is developing at an incredible speed. It has a distinct identity as a regional hub for trade and investment which is attractive to foreign investors; however, in recent years there has been a number of court decisions concerning the sale of property which have reached unusual conclusions. This article will discuss how the rules of public policy are being interpreted by the courts to set aside property related arbitral awards.