The Definitive Guide: Expanding the Scope of International Commercial Arbitration in the UAE
The Definitive Guide: Expanding the Scope of International Commercial Arbitration in the UAE The United Arab Emirates (UAE) has transcended its status as a mere regional commercial hub to become a sophisticated global center for dispute resolution. The scope of International Commercial Arbitration (ICA) in the UAE is now defined by a powerful synergy of progressive federal legislation, world-class financial free zones (FFZs) offering common law jurisdiction, and modern, internationally competitive arbitral institutions. This lengthy, educative analysis delves into the core components that underpin this rise. I. The Foundational Pillar: The Federal Arbitration Law (2018) The pivotal moment for UAE arbitration was the enactment of Federal Law No. 6 of 2018 on Arbitration (the New Arbitration Law). This law formally replaced the outdated arbitration chapter in the Civil Procedure Code, establishing a self-contained, modern framework that provided the necessary confidenc...