Consumer Protection Update

Great news for the consumers in UAE, for details, take a glance at the brief update on the newly amended UAE consumer protection law that just came into force.

ARBITRATION ALERT

On 20 December 2023, the Abu Dhabi Chamber of Commerce and Industry announced the launch of a new arbitration centre in the Emirate, the Abu Dhabi International Arbitration Centre (ADIAC) which has been branded as arbitrateAD.

DIAC Mediation Rules – 2023

Mediation is increasingly becoming the preferred default option for dispute resolution as it may offer unique solutions, stronger confidentiality, and safeguard relationships and can be availed to resolve a wider spectrum of disputes coupled with advantages offered by party autonomy.

Federal Trust Law Reform

The United Arab Emirates recently enacted Federal Decree-Law No. 31/2023 (the “New Law”), which supersedes the previously issued Federal Law No. 19/2020 Regarding Trusts (the “Old Law”).