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Dubai Decree No 34 of 2021 Impacts DIFC-LCIA Arbitration

Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, issued Decree No. 34 of 2021 accompanied by the Statute of Dubai International Arbitration Centre: abolishes both Emirates Maritime Arbitration Centre and DIFC’s Arbitration Institute DAI; rights and obligations to be assumed by DIAC

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