What To Know
- Dubai maintains its position as a leading global international arbitration hub based on the recent GAR 100 Data Report by Global Arbitration Review which reveals its position as the fifth most active.
- The international rankings match the objectives of the Dubai Economic Agenda D33 since they target DIAC to become one of the five leading global arbitration centres.
- The Dubai International Arbitration Centre implemented new arbitration standards in 2022 alongside organizational improvements of its arbitration court and expanded its directorship to increase both efficiency and impartiality.
Dubai maintains its position as a leading global international arbitration hub based on the recent GAR 100 Data Report by Global Arbitration Review which reveals its position as the fifth most active. International dispute resolution shows growing influence of Dubai according to its recent achievement in the rankings.
Dubai’s Arbitration Milestones
Fifth most popular arbitration seat worldwide, surpassing major hubs like New York and Geneva.
The place holds the ninth position regarding overall case value while surpassing Seoul and Frankfurt in this metric.
The arbitration center DIAC placed tenth in the list of global arbitration institutions.
Among all arbitration seats within the MEASA region Dubai stands as the only institution to reach the top 10 seats worldwide.
Leadership and Vision
Jehad Kazim from DIAC explained that Dubai achieved success in arbitration because the international business community trusts its arbitration standards. The international rankings match the objectives of the Dubai Economic Agenda D33 since they target DIAC to become one of the five leading global arbitration centres.
A Legacy of Arbitration Excellence
DIAC has managed over 5,000 cases during the last thirty years reaching a total worth of more than Dh100 billion.
The arbitration awards have an effective enforcement system through a clear legal structure.
The Dubai International Arbitration Centre implemented new arbitration standards in 2022 alongside organizational improvements of its arbitration court and expanded its directorship to increase both efficiency and impartiality.
About the GAR 100 Report
Analysts use the GAR 100 Data Report as a standard reference for international arbitration to study 11,200 recorded cases from 2015 to 2023. The evaluation of institutions combined with case statistics and arbitral behavior demonstrates that Dubai continues to establish itself as a worldwide leader in resolving disputes.
