International Commercial Arbitration
Type
E-journal
Date
25 May 2016
Jurisdiction
World
Taxonomy
Arbitration
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
In our August 2010 Law Update, Al Tamimi & Company reported the first decision of a Court in the UAE to recognise and enforce a foreign arbitral award pursuant to the New York Convention.
In our August 2010 Law Update, Al Tamimi & Company reported the first decision of a Court in the UAE to recognise and enforce a foreign arbitral award pursuant to the New York Convention. Since the Fujairah Court's decision, the Dubai Court of First Instance has provided yet more comfort to those engaged in international trade and commerce by recognising and enforcing a foreign arbitral award, despite the vociferous objections and challenge by the local Defendant.
This decision is pending appeal but already the Emirate of Dubai has already become a substantially safer port in the international arbitration world than at anytime in its trading history.