(19 December 2020)
H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and President of Abu Dhabi Judicial Department (ADJD), signed a decision establishing the Abu Dhabi Court for Family, Civil and Administrative Matters.
The Court will hear requests and claims related to personal status, civil, administrative and rental disputes, with the aim of enhancing the efficiency and sustainability of the judicial processes and ensuring the effectiveness of litigation.
Youssef Saeed Al Abri, Undersecretary of the Abu Dhabi Judicial Department, affirmed that the establishment of specialised courts strengthens the leading position of Abu Dhabi s judiciary at the regional and global levels, providing an integrated system that allows easy access to accomplished justice through a comprehensive set of advanced services that guarantee the excellence and efficiency of an independent judicial system.
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1 Legal framework
1.1 What is the relevant legislation on arbitration in your jurisdiction? Are there any significant limitations on the scope of the statutory regime – for example, does it govern oral arbitration agreements?
Arbitration in the United Arab Emirates is governed by the Federal Arbitration Law (6/2018). This is the United Arab Emirates first standalone arbitration law and replaced various provisions of the Civil Procedure Law (11/1992). Pursuant to Article 2, the Federal Arbitration Law applies to the following arbitrations:
China Regulators Remove Restrictions on Insurance Fund Investment
China
December 11 2020
On November 12, 2020, the China Banking and Insurance Regulatory Commission (“CBIRC”) issued a new rule with regard to removing industry restrictions on financial equity investment by insurance companies. The newly released Notice on Matters Related to Insurance Fund Financial Equity Investment (the “Notice”) took effect on November 12, 2020 and is consistent with the speech made by China Premier Li Keqiang on July 15, 2020, calling for the “cancellation of industry restrictions for insurance funds undertaking financial equity investment.” Chinese insurance companies are some of the biggest in the world by market capitalization. This new Notice is undoubtedly good news to relevant industries and companies.
The
Several Provisions of the Supreme People s Court on
Evidence for Civil Actions (hereinafter as the New
Evidence Rules ), effective as of May 1st, 2020, is the first
comprehensive amendment to the evidence rules of the 2002 version
(hereinafter as the Old Evidence Rules ). It is said
that the amendment is one big thing in the civil litigation field.
There are totally 100 provisions in the New Evidence Rules, which
includes six parts, i.e. Burden of Proof by the Parties;
Investigation, Collection and Preservation of Evidence; Time Limit
for Producing Evidence and the Exchange of Evidence;
Cross-examination; Examination and Verification of Evidence;