Suspect charged after Vancouver car ramming leaves 11 dead    Suspect in killing of general claims he was paid by Ukraine    North Korea confirms troop deployment to Russia for first time    Rock & Roll Hall of Fame picks Outkast but not Oasis    400-800 year old giant coral colony discovered within AMAALA waters in the Red Sea    Makkah police arrest Yemeni and Egyptian suspects of fake Hajj campaign    Kafalah grants 1,900 loan guarantees worth over SR4.8 billion to SMEs during 1Q 2025    Council of Senior Scholars reaffirms performing Hajj without a permit is a sinful act    HR Ministry launches 'Ajeer Al-Hajj' service for seasonal work during Hajj 2025    stc reports strong first-quarter 2025 results with 11% rise in net profit    King and Crown Prince offer condolence to Iranian president over the deadly port explosion    Saudi Awwal Bank records SR2.1 billion net profit after zakat and income tax for 1Q25    Virgin Atlantic celebrates one month of nonstop service between London and Riyadh    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Average life expectancy in Saudi Arabia rises to78.8 years    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Maiden Arbitration Awards launched
Published in The Saudi Gazette on 23 - 11 - 2015

Dubai International Arbitration Centre (DIAC), the largest arbitration center in the Middle East, launched a first-of-its-kind award program that will recognize the Middle East's best performing arbitration firms and lawyers.
DIAC unveiled the Arbitration Awards Program in conjunction with the Dubai Arbitration Week and the second Annual Global Arbitration Review (GAR) Live Conference in the UAE. The launch of the Awards Program also marks the completion of 2,500 cases by DIAC over the last 10 years.
"The UAE is one of the largest hubs for real estate and construction dispute resolution in the Middle East region with most of the cases being referred to arbitration," said Dr. Habib Al Mulla, chairman of the DIAC Board of Trustees and chairman of Baker & McKenzie Habib Al Mulla in the UAE. "Over the years, DIAC has been providing efficient and impartial administration of commercial disputes to local, regional and international businesses, through a pool of experienced arbitrators drawn from different nationalities and legal backgrounds.
"With the launch of the Dubai Arbitration Awards we aim to recognize the brightest talent and best performing firms from across the Middle East, who have contributed to the growth of Dubai's international arbitration practice. A lot has been achieved over the past decade and the Dubai Arbitration Awards will go on to showcase our deep experience and commitment towards providing exemplary service," added Dr. Habib.
Dr. Tarek Fouad Riad, chairman of the executive committee of DIAC and managing partner of Kosheri, Rashed and Riad in Egypt, revealed that a host of award categories have been identified for the newly introduced Arbitration Awards.
He added that the 12 categories are: Best Arbitrational Practitioner; Best Chairman of Arbitral Tribunal in the Middle East; Best Sole Arbitrator in the Middle East; Best Co-Arbitrator in the Middle East; Best International Arbitration Law Firm in the Middle East; Best Arab Arbitration Law Firm in the Middle East; Best Local (Emirati) Arbitration Law Firm in the Middle East; Best International Arbitration Lawyer for Claimants in the Middle East; Best International Arbitration Lawyer for Respondents in the Middle East; Best Arab Arbitration Lawyer for Claimants in the Middle East; Best Arbitration Lawyer for Defendants in the Middle East and the Best Young Arbitration Practitioner in the Middle East.
Dr. Riad explained that all award categories will include three levels (Platinum, Gold and Silver) that will aim to recognize the efforts of those who have made a significant contribution to the development and practice of international arbitration in the UAE and the Middle East. The judges will be drawn from the DIAC practitioners and the Awards ceremony will take place in the second quarter of 2016.
Both Dr. Al Mulla and Dr. Riad elaborated, "The Dubai Arbitration Awards are consistent with the objectives of the Dubai Chamber of Commerce which is focused towards ensuring a healthy, prosperous and secure environment for business in the future. After a peak of arbitrations in 2011, DIAC's caseload decline is a testament to Dubai's continued positive business climate and economic growth.
"We are confident that the Awards Program will help set new benchmarks for arbitration practices across the region, as well as reflecting the importance that the UAE, and Dubai in particular, is placing on ensuring that these practices are in line with global standards." —SG


Clic here to read the story from its source.