Of Arbitration in Dubai under the 2022 DIAC Arbitration Rules

No longer a mirage, but a real vision! Decree No. 34 of 2021 concerning the DIAC was issued on 14 September 2021 by Sheikh Mohammed Bin Rashid, the Ruler of Dubai. Somewhat misunderstood upon its enactment due to a minor provision about the succession of two co-existing arbitral institutions, Decree 34 is a giant leap towards a more stable arbitration environment in Dubai. It was shortly followed by a long-awaited sequel: the adoption and issue of the revised DIAC Arbitration Rules.