K - The Abu Dhabi Global Market Arbitration System
Type
Journal
Journal
UAE Arbitration Yearbook
Date
1 January 2015
Issue
1 January 2015
Page
226 - 233
Copyright
ICLO
Jurisdiction
United Arab Emirates, Abu Dhabi
Taxonomy
Arbitration
Copyright
LexisNexis
Since the publication of the Arbitration Regulation of Abu Dhabi Global Market last 30 December 2015, UAE becomes the first Middle Eastern Country with two Financial Cities (Abu Dhabi and Dubai) doted each with an autonomous Arbitration System in addition to the federal arbitration system. The ambitions of Abu Dhabi 2030 Vision in economy diversification make the ADGM Arbitration System the most important improvement in the Federal Capital City since the Ratification of the New York Convention one decade ago (21 October 2006). Abu Dhabi is now hosting a detached Arbitration system advancing the expectations and reforming from the top. Through the successful implementation of an English language based and UNCITRAL model inspired system, ADGM is aiming to join the elite club of the arbitration friendly financial free zones.