Dubai International Arbitration Centre to release new rules
The focus is on streamlining arbitration procedures and on facilitating the time efficiency of proceedings.
DUBAI, UAE, 4 March 2022: The Dubai International Arbitration Centre (DIAC) has finalised new rules that will come into force on March 21.
The latest rules focus on streamlining arbitration procedures and on facilitating the time efficiency of the proceedings. The new additions include…
- Consolidation
- Joinder
- Expedited proceedings
- Alternative process for appointing arbitrators
- Exceptional proceedings such as emergency arbitrator and conciliation
The new rules reflect the latest developments in the field of international arbitration, as well as the evolving needs of the business community. Aimed at improving the efficiency of the procedures, the new rules will ensure that users benefit from a wide range of additions.