An arbitration proceeding is like traditional court litigation in many ways and fast, less expensive when compared to traditional legal paths. As a reason companies and individuals are often prefer to choose arbitration proceedings for dispute resolution and ensure that an arbitration clause is pre-agreed between the parties on commercial contracts.
Enforcement of arbitration award in the UAE:
The Federal Law No. (6) of 2018 on ‘Arbitration’ and its amendments (Arbitration law) constitute the arbitration law in the UAE. Article 3 of the Arbitration law describes arbitration as ‘international arbitration’ if any of the parties at the time of conclusion of the arbitration agreement have their place of business in two or more different states, or if a subject matter of the arbitration dispute is connected to different states etc.
Article 55 of the Arbitration Law states the procedures and requirements for enforcing an arbitral award as follows:
Enforcement of Award Article (55):
A party looking to enforce an arbitral award shall submit a request for its confirmation and enforcement with the chief justice of the Court, together with the following:
(a) The original award or a certified copy thereof.
(b) A copy of the Arbitration Agreement.
(c) An Arabic translation of the arbitral award, attested by a competent authority, (in the event award is not issued in Arabic)
(d) A copy of the minutes of deposit of the award in Court.