The new DIAC arbitration rules now replace the once applicable Rules of Commercial. Conciliation and Arbitraion of Dubai Chamber of. Although the Proposed New Rules will be issued by Decree thus having force of law (as is the case with the current DIAC Arbitration Rules. The DIAC has revised and improved its Arbitration Rules. The draft of the new DIAC Arbitration Rules awaits approval before they will have.
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JD Supra’s principal place of business is in the United States. We also use these tools to help deliver reader analytics to our authors to give them insight into their readership and help them to improve their content, so that it is most useful for our users. The DIAC Arbitration Rules have undergone fewer revisions than the rules of other major international arbitration institutions. This differs from the Current DIAC Rules which do not set any guidelines as to when a party can apply for expedited proceedings to take place.
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DIAC arbitration – Institutional and ad hoc arbitration – Arbitration
The Proposed New Rules also expressly recognise that parties’ legal fees can be financed by way of third party funding. This Practice Note sets out what provisions the arbitration rules of the Dubai International Arbitration Centre DIAC make for the use of factual, expert and documentary evidence in arbitration under those rules.
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The New DIAC Arbitration Rules | Hogan Lovells – JDSupra
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The New DIAC Arbitration Rules 2018
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