arbitration Archives - Fichte & Co Legal

Anti-Suit Injunctions and Arbitration

Keshav Raychaudhuri — Tue, 26 Feb 2019 02:18:43 +0000

Broadly, the intention behind international arbitration, as a mechanism for dispute resolution, is three-fold: Confidentiality – most parties do not want their submissions to be brought in the public domain and arbitration more or less assures them of such confidentiality; Neutrality – adversaries stay away from each other’s courts; and Enforceability – an award is …

The post Anti-Suit Injunctions and Arbitration appeared first on Fichte & Co Legal.

UAE’s Federal National Council Approves The New Arbitration Law

Fichte Legal — Tue, 06 Mar 2018 10:28:54 +0000

Lawyers have welcomed the UAE’s approval of a draft law on arbitration, a fast-growing method of settling disputes out of court, saying it would provide increased confidence to investors bringing cases in the Emirates. “Today’s business world is always evolving and an effective dispute resolution system is paramount to securing investor trust,” said Habib Al …

The post UAE’s Federal National Council Approves The New Arbitration Law appeared first on Fichte & Co Legal.

A Comparison: Emirates Maritime Arbitration Centre and DIFC-LCIA Arbitration Centre

Alessandro Tricoli — Sun, 21 Jan 2018 10:06:32 +0000

Approximately 10 years after the establishment of the DIFC-LCIA Arbitration Centre (“DIFC-LCIA”), the Emirates Maritime Arbitration Centre (“EMAC”) was officially launched. Like arbitrations conducted under the auspices of the London Maritime Arbitrators Association and the Singapore Chamber of Maritime Arbitration, the establishment of the EMAC is symbolic of the UAE’s continued endeavor to keep pace …

The post A Comparison: Emirates Maritime Arbitration Centre and DIFC-LCIA Arbitration Centre appeared first on Fichte & Co Legal.

DIFC Court Judgments and DIFC Wills to reach assets in Ras Al-Khaimah

Fichte Legal — Thu, 15 Dec 2016 06:35:30 +0000

On 12th December 2016 a package of legal agreements (“the Legal Package”) was signed between the Dubai International Financial Centre (DIFC) Courts and Ras Al-Khaimah. The overall Legal Package consists of two Co-operation Agreements and five Memoranda of Understanding (MOU)[1]. Essentially the Legal Package, signed at the Al Dhait Palace and witnessed by His Highness …

The post DIFC Court Judgments and DIFC Wills to reach assets in Ras Al-Khaimah appeared first on Fichte & Co Legal.

DIFC Court rules on Arbitration Agreements

Fichte Legal — Wed, 07 Dec 2016 01:51:37 +0000

The issue concerning legal capacity has caused much consternation in the UAE due to the fact that UAE legislation requires a special authorization for arbitration and thus losing the right to litigate disputes in the UAE courts. Therefore, it is fairly commonplace in the UAE to see a challenge to jurisdiction based on an alleged …

The post DIFC Court rules on Arbitration Agreements appeared first on Fichte & Co Legal.

Time to Pull Out All the Stops

Ravi P. Jawani — Fri, 08 May 2015 05:42:10 +0000

Establishing a global maritime hub is no mean feat. This year the UAE again demonstrated its trading prowess, ranking 8th out of 189 countries for “trading across borders” in the World Bank Group’s annual Doing Business report. The report assesses the costs and procedures involved in importing and exporting a standardized shipment of goods, providing …

The post Time to Pull Out All the Stops appeared first on Fichte & Co Legal.