International industry experts weigh in on the latest arbitration rules in Dubai

International industry experts weigh in on the latest arbitration rules in Dubai

Dubai: Leading figures, experts from the local and international arbitration community, and representatives from various government and private bodies, came together for a one-day event in Dubai today, organised by the Dubai International Arbitration Centre (DIAC), the Middle East’s largest non-profit independent arbitration centre, as part of Arbitration Week.

Designed to keep industry professionals abreast of the most recent developments to enhance industry standards, the event featured two panel sessions on critical industry topics, including the application of the new DIAC Arbitration Rules 2022, which came into effect on 22 March this year, as well as maritime arbitration.

In his opening remarks, Dr Tariq Al Tayer, Chairman of the Dubai International Arbitration Centre, said the past 12 months had been a period of evolution for DIAC and the industry, as he assessed the centre’s achievements, adding that now is the time to look forward with true optimism.

“We drive forward the implementation of our new DIAC strategy – a strategy that is formulated on the pillars of Excellence, Growth, and Responsibility,” said Dr Al Tayer. “Our mission is to provide unmatched ADR services by embracing excellence as a Standard, integrity as a compass and equity as a principle. The DIAC strategy is reflective