Dubai, United Arab Emirates; 14 July, 2014: The DIFC Courts, Dubai’s established English-language, commercial common law judicial system, have begun a month-long consultation period with the UAE legal community on introducing a new mechanism to allow parties opting into the jurisdiction of the DIFC Courts to also refer their final judgments for enforcement through the DIFC-LCIA Arbitration Centre.
If it comes into force, the innovative Practice Direction, the first of its kind globally, would allow the DIFC-LCIA Arbitration Centre to convert a DIFC Courts judgment into an arbitral award, providing greater enforcement internationally under the provisions of the New York Convention of 1958.
Observations, comments and suggestions on the Practice Direction consultation can be submitted to the DIFC Courts via email at Consultation@difccourts.ae The consultation will close at 16.00 on August 6, 2014.
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