Work Remains In Elevating Dubai's Int'l Arbitration Status

By Caroline Simson (March 25, 2016, 7:13 PM EDT) -- Dubai's rise as one of the Middle East's economic powerhouses has brought with it a push by foreign investors for a more predictable system of arbitrating disputes arising in the region, and while recent measures taken by the city are a step in the right direction, more work remains before it's likely to be considered a major arbitral seat.

While arbitration isn't a new concept in the Middle East, international arbitration hasn't always been something that companies there embraced. Many of the region's large family companies have typically relied on the local courts, which are more familiar and "tried and true,"...

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