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ARBlog International Arbitration News, Trends and Cases

Tag Archives: ADCCAC

ICC opens in the Abu Dhabi Global Market

The International Chamber of Commerce (“ICC“) has announced that it will open a new arbitration centre in the Abu Dhabi Global Market (“ADGM“), Abu Dhabi’s financial freezone located in the Al Maryah Island, which began operating in 2014. The centre will be known as the ADGM Arbitration Centre and is expected to open for business in January 2018. The ICC is a reputable and leading international arbitral institution with its headquarters in Paris. The ADGM Arbitration Centre will be the ICC’s third representative office worldwide – joining Shanghai and Sao Paolo

New Regulations for the Abu Dhabi Commercial Conciliation and Arbitration Centre (“ADCCAC”)

ADCCAC has, over the years, become the favoured arbitration institution for all Abu Dhabi Government owned companies and many other local corporations. On 1 September 2013, ADCCAC published new Procedural Regulations of Arbitration, the first amendments since the Centre was established in 1993. The main changes introduced are: 1. The time limit to render the award In the original regulations, an arbitral award had to be issued within 6 months of the date of the start of the proceedings unless the parties had agreed a longer period. Those regulations did