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| The Part 43 sets out the procedures relating to claims arising from arbitrations conducted in the DIFC-LCIA Arbitration Centre |
The DIFC Courts, the Dubai International Financial Centre's (DIFC) independent, common law judicial system, added two new parts to their Rules (RDC) to further expedite the suite of dispute resolution services available at the DIFC.
The new Part 53 of the RDC describes the framework for claims before the Small Claims Tribunal (SCT), which is designed to fast-track disputes under Dh100,000. Cases in the SCT are resolved in an expeditious, cost-efficient manner without the need for lawyers. This allows the SCT to resolve more than 90 per cent of disputes in less than two weeks.
The new Part 43 of the RDC was developed to provide parties with a framework and procedure for efficient arbitration through the DIFC Courts. The Part 43 sets out the procedures relating to claims arising from arbitrations conducted in the DIFC-LCIA Arbitration Centre. This sets out the general powers of a supervisory court, including interim applications as well as enforcement and ratification of arbitration awards.
