Dubai court signals intent on enforcement of foreign arbitral awards | Practical Law
Dubai's highest court has delivered a powerful message to arbitration users and practitioners across the world that it will enforce foreign arbitral awards in accordance with the UAE's treaty obligations under the New York Convention. Although there is no system of binding precedent in Dubai, the Dubai Court of Cassation's recent decision, in which it enforced a DIFC-LCIA award rendered by a tribunal seated in London, is being hailed as a watershed moment in its development as a major regional and global centre for international arbitration.