The Dubai International Arbitration Centre (DIAC) is expected to issue its new Arbitration Rules. The New Rules not only respond to the business needs of the international community but also deal with the common pitfalls in the existing procedural regime. Businesses operating and making deals in the UAE will have access to a more effective dispute resolution mechanism and could now consider amending their existing contracts or drafting new agreements to take advantage of the proposed new regime.

The UAE has long acknowledged the importance of an effective legal framework to support international business and has been investing in this field in recent years. The current DIAC Arbitration Rules came into force in 2007 and are being revolutionised in line with the nation's economic vision and development as a global trade and finance hub. Currently, arbitration proceeedings are governed by Federal Law No. 6/2018 On Arbitration which came into force in June 2018 and businesses can turn to one of five institutions across the UAE, among which DIAC and DIFC-LCIA are the most popular mainland and free zone arbitral institutions administering UAE seated arbitrations.