Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

The First-Ever UAE Federal Arbitration Law Published

18/6/2018

UAE Federal Law No. 6 of 2018, which was issued on 3 May 2018 and formally promulgates a new arbitration law for the UAE, has finally been published.

UAE Federal Law No. 6 of 2018, which was issued on 3 May 2018 and formally promulgates a new arbitration law for the UAE, has finally been published. The new law repeals the previous provisions contained within UAE Civil Procedures Law No. 11 of 1992 and shall apply to all arbitral proceedings that are ongoing at the time the law comes into effect.

The new law consists of 61 articles and is based on the United Nations Commission on International Trade Law [UNCITRAL] Model Law.

It is expected that the new law will significantly revamp the existing arbitration provisions. It will go a long way in consolidating UAE’s position as the most attractive hub for arbitration in the MENA region.

You might also like...
Borrowers and Credit Card Holders Beware!
On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.
read More
Small Business Owners, Rejoice!
The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.
read More
Looking to Set-Up your Business? Don't Miss this Opportunity!
Check out this game-changing package which benefits investors in terms of paying the fees for their business setup on an ongoing monthly basis. Potential investors are required to sign a lease contract and move their operations into the free zone before the end of January 2022 to avail the offer!
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.