New Dubai Decree Dissolves Emirates Maritime Arbitration Centre and DIFC Arbitration Institute and Transfers Their Operations to the Dubai International Arbitration Centre

On September 14, 2021, the Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Dubai Decree No. 34 of 2021 on the Dubai International Arbitration Centre (DIAC) (Decree).

The Decree abolishes the Emirates Maritime Arbitration Centre (EMAC) and the Dubai International Financial Centre (DIFC) Arbitration Institute (referred to in the Decree as the “Canceled Centers”) and transfers their existing operations and resources to DIAC.

We examine the Decree that changes the entire arbitration landscape in Dubai and its effects here.