Annulment of Award Possible if Procedures in Arbitration Contract or Terms of Reference Not Complied
A party to an arbitration contract have right to request annulment of arbitration award if arbitrator did not follow the procedures contained in the arbitration contract or the agreed terms of reference. Terms of reference is the agreement between...
Category:   Law and Legal

Arbitration - A Challenging Issue
The defendant in the arbitration proceedings petitioned the Court of First Instance that the arbitration awards should be nullified and voided because the petitioner had, during the arbitration processes, filed a civil case(challenge) in the court...
Category:   Law and Legal

Arbitration - Does Signed Mean Sealed?
Article 215 and 217 of the Civil Procedures Law of the UAE states that a person does not have the right to enter into an arbitration agreement if the signatory does not have the authority to bind the person it is representing...
Category:   Law and Legal

Arbitration Article Series III: Terms of References
As per the arbitration and civil rules in the United Arab Emirates, the arbitration rules shall be governed by the Terms of Reference. The Terms of Reference is a document used within international arbitration law. Its main purpose is to ensure...
Category:   Law and Legal

Arbitration Article Series IV: Enforcing Arbitration Awards
In practice, enforcing arbitration awards can be a lengthy and unpredictable process. It is common for the United Arab Emirates courts to require the foreign award to satisfy the rules and procedures of the United Arab Emirates, and they may refuse..
Category:   Law and Legal

Arbitration Procedures Presumed to be Complied With by All Parties
Under normal circumstances it is presumed that Arbitration procedures have been complied with by all concerned parties. The burden of proof to prove the contrary shall fall on the party claiming so. Adjudication on this issue shall be solely based...
Category:   Law and Legal

Banking Law - An Introduction to Corporate Guarantee
In the United Arab Emirates, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of "name lending", by which is meant...
Category:   Law and Legal

Banking Law - An Introduction to Personal Guarantee
The economic boom in United Arab Emirates has resulted in huge developments and a considerable increase in trade. This in turn has led to a rise in transactions which require a fast debt recovery mechanism. According to common practice in the...
Category:   Law and Legal

Business Law - Liquidation
Upon the dissolution of a company, it is considered to be in the liquidation stage. While the liquidation procedures are being implemented the company will retain its legal capacity for the implementation of its liquidation.
Category:   Bankcruptcy and Insolvency

Business Laws & Regulations in Dubai, UAE
With its stellar growth, Dubai has been known for alluring every business opportunists due its efficient licensing rules, infrastructure, and ease of work In a survey "the World Bank's Ease of Doing Business Survey for 2014," the Emirate has been...
Category:   Incorporation and Legal Structures