In February 2024, the Abu Dhabi International Arbitration Centre (arbitrateAD) was launched in Abu Dhabi, introducing a new set of modernized and forward-looking arbitration rules. The Centre aims to position itself as a significant forum for international dispute resolution in both the MENA region and globally. The Centre’s efforts to promote the adoption of international arbitration in the MENA region are complemented by advancements in the region, such as the UAE’s ratification of the New York Convention and the recent updates to its Federal Arbitration Law in 2023, in line with the UNCITRAL Model Law.
The Centre’s modernized rules allow disputing parties to take advantage of an impartial, efficient, and modern administration of arbitral proceedings and foster a more accessible and accommodating arbitration environment for global participants. The rules also enhance the credibility of awards rendered pursuant to the rules and administered by the Centre, ensuring their global enforceability. These developments position the UAE not only as a favorable jurisdiction for arbitration but also as one of the future leaders in setting global arbitration standards, reflecting its commitment to excellence and innovation in dispute resolution.
The International Arbitration Group worked with the Centre and the Abu Dhabi Chamber of Commerce and Industry on the restructuring of the Centre, establishment of a Court of Arbitration, and drafting of the Centre’s new rules and other founding instruments. Partner Gary Born and Senior Associate Michael Greenop led the Group’s work with the Centre, and Associate Tahmineh Madani assisted with legal research, analysis, and drafting.
As part of the International Arbitration Group’s continuous cooperation with the Centre and the Abu Dhabi Chamber of Commerce and Industry, Mr. Born was appointed as the Vice Chairman of arbitrateAD’s Board of Directors and will be actively engaged in the Centre’s operations.
In a Kluwer Arbitration Blog post, Partner Gary Born, Senior Associate Michael Greenop, and Associate Tahmineh Madani discussed the most significant features of arbitrateAD’s 2024 rules. The Centre’s new structure and rules reflect a deliberate effort to position itself as a significant forum for international dispute resolution in both the MENA region and globally. The Centre’s commitment to excellence and innovation in dispute resolution, as well as its governance structure, ensure impartiality, independence, transparency, and efficiency in arbitral proceedings. The Centre’s establishment of a Court of Arbitration and its commitment to sustainable trade and a healthy business environment make it a regional and global hub for international dispute resolution.
