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Tag Archives: DIFC

The DIFC Courts – a “conduit jurisdiction” no more?

As we predicted in our Annual Seminar on Recent Developments in the UAE Dispute Resolution Landscape, back in November 2016, the use of the DIFC Courts as a “conduit jurisdiction” has been called into question. There has been much discussion in the Dubai legal community and beyond about the use of the DIFC Courts as a conduit jurisdiction for the recognition and enforcement of both foreign and domestic arbitral awards following the line of decisions in Banyan Tree v Meydan Group LLC, DNB Bank ASA v Gulf Eyadah, and the

Dubai’s DIFC Court aligns arbitration laws with the New York Convention

On 15 December 2013, the Dubai International Financial Centre (DIFC) amended its arbitration law to bring it into line with the New York Convention. Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE, signed an amendment to the DIFC’s 2008 Arbitration Law granting the DIFC Courts the power to stay proceedings in favour of arbitrations seated outside of the DIFC, bringing clarity to an area of uncertainty between DIFC law and the New York Convention. The DIFC is an onshore financial free