Monday, 13 June 2011

Complex legal minefield in need of a federal overhaul - The National

In May 2010 Sultan bin Saeed Al Mansouri, the UAE Minister of Economy, said that by the end of the year the Government expected to pass a law governing commercial arbitration.

The idea was to strengthen the country's investment environment. The minister said arbitration "is one of the key instruments to resolve disputes amicably, and thus enhance investor confidence". And, he added, the law would "help prevent accumulation of cases in courts".

But 13 months later, the proposed law remains a work in progress, its final form still being debated.

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