Dubai - A Promising ICA Oasis Stifled by an Excess of Public Policy
Article from: TDM 2 (2015), in Arbitration in the Middle East: Expectations and Challenges for the Future
In recent years, the United Arab Emirates (UAE) has gained considerable momentum towards becoming a major player in the world of arbitration. This development has inspired the UAE to contemplate the adequacy of its current arbitration law, which has brought pressing systemic issues to the forefront. In particular, the UAE is now tasked with assuaging foreign scepticism following contentious judicial "public policy" findings, which have set-aside or refused the recognition and enforcement of non-domestic arbitral awards. Through this device, numerous UAE courts have undermined the finality ...