Unified Arbitration Centre to offer businesses international arbitration services

Unified Arbitration Centre to offer businesses international arbitration services

Dubai International Financial Centre (DIFC) has combined the DIFC Arbitration Institute (DAI) with the Emirates Maritime Arbitration Centre (EMAC) creating a unified entity called the Dubai International Arbitration Centre (DIAC), an autonomous, permanent, non-profit institution that will provides regional and international business communities with arbitration services. Current arbitration services will continue without interruption for users. All agreements entered into by DAI and EMAC will be valid and effective with DIAC.

The consolidation of DAI and EMAC will enhance Dubai’s capabilities to compete on the international stage with other global arbitration centres. The objectives of DIAC include strengthening the position of Dubai as a reliable global centre for settlement of disputes by way of alternative dispute resolution. Additionally, it will ensure that DIAC is one of the best choices globally for resolving disputes efficiently and effectively by applying international best practice.