Greek International Arbitration law includes a favorable legal framework for arbitrations taking place with their seat in Greece and for the execution of arbitral awards in the country. In Greece, the international commercial arbitration regime is regulated by the 1958 New York Convention (NYC) and the UNCITRAL Model Law, where applicable. The UNCITRAL Model Law […]
UNCITRAL Arbitration
Commercial Arbitration in Saudi Arabia: Saudi Center for Commercial Arbitration
The Kingdom of Saudi Arabia, the largest economy in the Arabian Gulf, has seen significant positive developments for commercial arbitration in Saudi Arabia over the past few years. We previously reported on the New Saudi Arbitration Regulations passed in 2012. However, another important development was the opening of the Saudi Center for Commercial Arbitration (SCCA)[1], […]
2016 UNCITRAL Notes on Organizing Arbitral Proceedings
The first version of the UNCITRAL Notes on Organizing Arbitral Proceedings, aimed at assisting arbitration practitioners with the issues typically associated with arbitral proceedings, was adopted by the UNCITRAL Commission in 1996 and has been replaced by a new version in July 2016, available below. The Notes have proven to be a useful tool for […]
Indian Investment Arbitration Regime Changes
Since the beginning of 2012, India has enacted significant changes with respect to the Indian investment arbitration regime. A new model Bilateral Investment Treaty (“BIT”) was approved in 2015 and will be used to renegotiate all future BIT’s signed by India. In 2016, India also terminated its existing BIT’s with 57 countries, showing India’s intent to withdraw from the Investor-State […]
Arbitration in Saudi Arabia: 2012 Saudi Arbitration Regulations
Arbitration in Saudi Arabia has changed significantly since 2012 when Saudi Arabia enacted a new arbitration law replacing thirty-year old arbitration regulations. Saudi Arbitration Law (Royal Decree No. M/34) came into force on 7 July 2012, bringing a significant number of modern solutions and reforms to Saudi Arabia’s arbitration framework. The law is based on the […]
Recent Developments: International Commercial Arbitration in Qatar
The Qatari Cabinet at a meeting in June 2016 ordered taking necessary measures for the issuance of the draft law on international commercial arbitration in Qatar, after having been briefed on the recommendation of the Advisory Council with respect to the draft law, issued in 2015. Over the past few years, through the widespread ratification of the New […]
Enforcement of Arbitral Awards in the UAE
There are two ways to enforce foreign arbitral awards in UAE. The recommended one is using the two-level civil court system of the Dubai International Financial Centre (DIFC), since the DIFC courts are generally pro-arbitration and can be expected to enforce a valid arbitration agreement. And the other one is using the normal three-level court […]
Arbitration Law in Turkey
In response to foreign investors who sought a modern international arbitration law in Turkey and by reason of the country’s strategic geographic position as a bridge between the East and the West, the Turkish Parliament, on 21 June 2001, enacted the Turkish International Arbitration Law No. 4686 (Hereinafter “IAL”), which is based on the UNCITRAL […]
