DIFC Courts "go global" and facilitate enforcement of arbitral awards | Practical Law

DIFC Courts "go global" and facilitate enforcement of arbitral awards | Practical Law

Pursuant to a new Dubai law that extends the jurisdiction of the Dubai International Financial Centre (DIFC), any party, even those with no connection to the DIFC, can now choose to have their commercial disputes resolved by the DIFC Courts. Moreover, the law formalises the mechanism for the enforcement of arbitral awards rendered in the DIFC in onshore Dubai.

DIFC Courts "go global" and facilitate enforcement of arbitral awards

Practical Law UK Articles 6-518-2780 (Approx. 4 pages)

DIFC Courts "go global" and facilitate enforcement of arbitral awards

by Henry Quinlan (Partner) and Ali Al-Zarrad (Legal Consultant), DLA Piper Middle East LLP
Published on 01 Mar 2012 • United Arab Emirates
Pursuant to a new Dubai law that extends the jurisdiction of the Dubai International Financial Centre (DIFC), any party, even those with no connection to the DIFC, can now choose to have their commercial disputes resolved by the DIFC Courts. Moreover, the law formalises the mechanism for the enforcement of arbitral awards rendered in the DIFC in onshore Dubai.