DIFC Courts open consultation regarding amendments to the Rules of the DIFC Courts

The Dubai International Financial Centre (DIFC) Courts have opened up a month-long consultation regarding proposed amendments to the Rules of the DIFC Courts (the “RDC”). A proposed amendment of particular interest relates to the rules of service in proceedings concerning arbitration (including enforcement and recognition proceedings regarding arbitral awards).

The proposed amendment will, if adopted, allow a party to serve such proceedings only on the party against which it intends to enforce an arbitral award. This is in contrast to the current position where all parties to the arbitration need to be served. This proposed amendment may therefore help mitigate against one of the principal logistical hurdles for parties seeking to enforce arbitral awards against counterparties in the region.

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Topics:  Arbitration, DIFC, Enforcement, Middle East, Proposed Amendments

Published In: Alternative Dispute Resolution (ADR) Updates, Civil Procedure Updates, General Business Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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