DIFC unites litigation and arbitration bodies | The National

DIFC unites litigation and arbitration bodies | The National:



"The DIFC’s litigation and arbitration functions are to be consolidated under a new single dispute settlement umbrella body, under the terms of a new law issued by Dubai’s ruler.



Law No 7 of 2014, announced by Sheikh Mohammed bin Rashid on Wednesday, amends the DIFC’s founding law and mandates the establishment of a Disputes Resolution Authority within the centre.



The authority will consist of the DIFC Courts, an “arbitration body”, and “other subsidiary committees or institutions established under the laws and regulations of the DIFC”, according to a statement from the Dubai Media Office.



The new Disputes Resolution Authority will be headed by Chief Justice Michael Hwang, the current president of the DIFC Courts."



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