Arbitrating in the Kingdom of Saudi Arabia

Arbitration in the Kingdom of Saudi Arabia has been subject to material reform in recent years which has had a positive effect in the realm of dispute resolution. The new arbitration law, enacted by Royal Decree No. M/34 published in the Official Gazette on 8 June 2012 (the “New Arbitration Law”) has facilitated the Kingdom … Read more

Sovereign immunity in the DIFC Court

Last week, the Dubai International Financial Centre Court issued its decision in Pearl Petroleum Company Limited & Others v The Kurdistan Regional Government of Iraq. The Court upheld its earlier decision which recognised two LCIA arbitration awards totalling US$2 billion issued against the Kurdistan Regional Government of Iraq (the “KRG”) and dismissed KRG’s arguments (1) … Read more

Qatar- Another positive step forward in the enforcement of foreign arbitral awards

In the past, Qatar's application of the New York Convention has been somewhat unpredictable. A recent decision of the Qatari Court of Cassation suggests that Qatar is moving towards overcoming the perception that it is an arbitration-unfriendly jurisdiction. Qatar's status as a signatory to the New York Convention on the Recognition and Enforcement of Foreign … Read more

The ICSID convention enters into force in Iraq

The ICSID Convention entered into force in Iraq on 17 December 2015.  This comes after Iraq signed the ICSID Convention and deposited its instrument of ratification on 17 November 2015 to become the Convention's 160th signatory State. Craig Tevendale, Craig Shepherd and Anees Naim consider the implications of this step on the investment climate in Iraq … Read more

Enforcement of foreign arbitral awards in Dubai: a set back?

The Dubai Court of Cassation has refused to enforce a foreign arbitral award on the basis that it did not have jurisdiction under the UAE’s Civil Procedure Code. In doing so, the court upheld earlier rulings from two lower courts that the UAE Courts’ international jurisdiction over foreign parties is a matter of public policy. … Read more

Arbitration in Dubai and the UAE

As Middle Eastern companies and investment funds become more active in the global marketplace, international firms are increasingly investing in the region or entering into joint ventures with Middle Eastern partners.  Islamic finance is also becoming more prominent in the Middle East and elsewhere, in particular in Europe and parts of Asia. Ultimately, this has … Read more