Last month we considered issues of UAE law surrounding the
incorporation and enforceability of arbitration clauses in
contracts of insurance. This month we look at the landscape for
enforcement of arbitration awards in the UAE and how recent
developments are paving the way for greater certainty and
confidence in the process.
Introduction
Arbitration in the UAE in recent years has experienced
significant growth, among both domestic and international users.
There are upwards of 500 arbitrations per year in the three main
arbitration centres in the UAE, many of which are international in
the sense of that at least one party is based outside of the
UAE.
Insurers and reinsurers alike are significant and regular users
of arbitration. UAE-based insurers that issue policies containing
arbitration clauses commonly provide for arbitration in the UAE
(typically in a given Emirate) while reinsurance contracts
(particularly those issued by international reinsurers)
