The new DIFC-LCIA Arbitration Rules (the Rules) came into force as of 1 October The Rules reflect amendments made to the LCIA Arbitration . The DIFC-LCIA’S Rules On 1 October , the DIFC-LCIA Arbitration Centre (“DIFC-LCIA”) released its new DIFC-LCIA Arbitration Rules (the ” It is expected that the DIFC-LCIA’s adoption of the Rules will be viewed as providing an enhanced regime for energy, infrastructure and.
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An award of the Emergency Arbitrator shall comply with Article Article 5 Formation of Arbitral Tribunal. The Emergency Arbitrator shall comply with the requirements of Articles 5. The Rules include an annex with new general conduct guidelines. The New Rules are applicable to all arbitrations commencing on or after 1 October If the last day of such period is an official holiday or non-business day at the place of that addressee or the place of the party against whom the calculation of time appliesthe period shall be extended until the first business day which follows that last day.
Provision for emergency arbitrators has also proven to be a popular addition. In addition to the above, several other changes in the Rules seek to expedite the arbitration process, including: This topic may be referred to as: Pursuant to the DIFC-LCIA costs rules, the first claim mentioned above will not cost the parties more in terms of the Centres and the Tribunal’s fees simply because the amount in dispute is greater.
Food, Rkles, Healthcare, Life Sciences. Provisions intended to address this include:. This can have implications for the enforceability of the arbitration agreement or its interpretation.
Key arbitration institutions – The Official Portal of the UAE Government
Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
Share Share Hide Share Links. Any amount payable under such cross-indemnity and any consequential relief may be decided by the Arbitral Tribunal by one or more awards in the arbitration.
Article 31 Limitation of Liability. A series of lesser payments is more likely to be ordered depending on the development and scope of the particular arbitration. This provision is intended to reduce the likelihood of tribunal members being too busy to either i focus satisfactorily on the arbitration or ii to schedule hearings within a reasonable time frame.
The Emergency Arbitrator shall be responsible for delivering any order or award to the Registrar, who shall transmit the same promptly to the parties by electronic means, in addition to paper form if so requested by any party. The claim value is taken in consideration only when specifying the maximum hourly rates applicable to the Tribunal. The judgment is of interest due to digc consideration of what makes a valid Request and the timing of challenges to jurisdiction.
Imprisonment arbitratiob have been allayed for arbitrators and party-appointed experts involved in UAE-seated arbitrations following the latest amendments to Article of the UAE Penal Code.
THE NEW DIFC-LCIA ARBITRATION RULES 2016
It analyses the advantages and arbitrtion of using the UAE or the DIFC as a seat of arbitration, including issues relating to applicable law, formalities, interim measures, confidentiality, costs, and ratification of local and foreign awards. The Arbitral Tribunal shall decide the amount of such Legal Costs on such reasonable basis as it thinks appropriate. These mirror the grounds set out in Article 5 of the NYC mentioned above.
Please edit your entry and try again. Article 1 Request for Arbitration.
The parties undertake to carry out any award immediately and without any delay subject only to Article 27 ; and the parties also waive irrevocably their right to any form of appeal, review or recourse to any state court or other legal authority, insofar rulees such waiver shall not be prohibited under any applicable law.
Article 23 Jurisdiction and Authority.
DIFC Arbitration Institute appoints new Registrar for DIFC-LCIA
General guidelines ” intended to promote the good and equal conduct of arbitratikn parties’ legal representatives ” are attached to the Rules as an Annex and Article Joseph is an Associate based in our Dubai office.
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The centre kept panels to register the names of specialists in the fields of conciliation, arbitration, expertise and translation.
If such appeal or review takes place due to mandatory provisions of any applicable law or otherwise, the LCIA Court may determine whether or not the arbitration should continue, notwithstanding such appeal or review.
Give us your feedback so we can improve your experience. We bring together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice our clients need. Such changes are conditional on the Tribunal’s approval which it is entitled to withhold if it feels the changes or additions would compromise the composition of arhitration Tribunal or the finality of the award Article Article 14 Conduct of Proceedings.
The new arbitrtaion include innovations which consumers of international lxia have come to expect, and which have, in recent years, been incorporated into rules issued by the DIFC-LCIA’s global competitors. The tribunal may confirm, vary or revoke the said order, upon its own initiative or the application of any party.