Thursday 1 March 2018

Lawyers welcome draft UAE arbitration law as a boost for investors - The National

Lawyers welcome draft UAE arbitration law as a boost for investors - The National:

"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 Mulla, sole managing partner of law firm Baker McKenzie Habib Al Mulla, and one of the most established Emirati legal practitioners.

“The UAE Federal National Council’s approval of the draft Arbitration Bill on Tuesday is a very welcome development and clearly evidences the UAE’s intention to remain at the forefront of dispute resolution in the region.""



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