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In recent years, the United Arab Emirates (UAE) has significantly ramped up its foreign direct investment (FDI) in Africa, and has emerged as the fourth-largest foreign direct investor on the continent after China, the European Union and the United States.
Published by The Oath
The recent extreme weather events in the UAE, characterised by unprecedented rain and flooding, serve as a stark reminder of the broader implications such severe weather can have on construction projects.
A version of this article was published by Law Middle East
To mark Riyadh International Disputes Week we wanted to share our Middle East International Dispute Resolution Compendium, which discusses recent developments in the dispute resolution landscape across the region including specific coverage of the latest changes in Saudi Arabia.
V&E International Dispute Resolution Update
Following Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre (the “Decree”), which effectively (i) abolished the Emirates Maritime Arbitration Centre and the DIFC Arbitration Institute (under which the DIFC-LCIA was operating); and (ii) provided for the Dubai International Arbitration Centre (the “DIAC” or the “Centre”) to substitute both institutions by directing the transfer of all rights and obligations of the abolished centres to the DIAC, the DIAC has now issued its new rules.
V&E International Dispute Resolution Update
In 2007, the Kurdistan Regional Government (the “KRG”) enacted Oil and Gas Law No. 22 of 2007 (the “KRG Oil and Gas Law”). The Federal Government of Iraq (the “FGI”) had initially rejected the draft law, but the regional parliament within Kurdistan approved it on the basis of its view that the draft law was within the KRG’s competencies under the 2005 Constitution of the Republic of Iraq (the “Iraqi Constitution”).
V&E International Dispute Resolution Update