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29 Jul 2022

Arbitration insights from Singapore - Monetising arbitration awards against assets in the UAE - July 2022

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In this July edition of Arbitration insights from Singapore, we examine with colleagues from the Dubai office the framework for monetising international arbitration awards against assets in the United Arab Emirates (the “UAE”), a petroleum and natural gas producing jurisdiction which boasts China, India, Japan and South Korea amongst its major export partners.

International arbitration in the UAE has developed significantly in recent years. In particular, there have been a series of developments which strengthen the framework for ‘onshore’ arbitration in the UAE to complement the ‘offshore’ regimes, which have been in place in the Dubai International Financial Centre (the "DIFC") and Abu Dhabi Global Markets.

The focus of this edition is the framework for monetising international arbitration awards against assets in the UAE. We set out the framework and key steps and considerations parties should have to mind when seeking to proceed with the recognition and enforcement of either ‘onshore’ or ‘offshore’ UAE arbitral awards or foreign seated arbitral awards.

Click here to read more.

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Nancy Kapoor

Nancy Kapoor
Associate

T:  +971 4407 3964 M:  Email Nancy | Vcard Office:  Dubai