Daily Guardian UAEDaily Guardian UAE
  • Home
  • UAE
  • What’s On
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Sports
  • Technology
  • Travel
  • Web Stories
  • More
    • Editor’s Picks
    • Press Release
What's On

Amazon’s Echo Hub just became the control freak your smart home needed

June 12, 2026

Windows 11 adds a neat upgrade that enables simultaneous streaming for two audio devices

June 12, 2026

DIFC Announces Consultation on amended DIFC Arbitration Law

June 12, 2026

iOS 27 hands-on: the iPhone update I have been waiting for

June 12, 2026

Neurovia AI Shines at UAE Data Center Summit 2026

June 12, 2026
Facebook X (Twitter) Instagram
Finance Pro
Facebook X (Twitter) Instagram
Daily Guardian UAE
Subscribe
  • Home
  • UAE
  • What’s On
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Sports
  • Technology
  • Travel
  • Web Stories
  • More
    • Editor’s Picks
    • Press Release
Daily Guardian UAEDaily Guardian UAE
Home » DIFC Announces Consultation on amended DIFC Arbitration Law
What's On

DIFC Announces Consultation on amended DIFC Arbitration Law

By dailyguardian.aeJune 12, 20264 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Dubai, UAE; 11 June 2026: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is proposing amendments to its DIFC Arbitration Law. Developed in close cooperation with the DIFC Courts and leading practitioners, the proposed amendments seek to introduce substantive changes that significantly modernise the DIFC arbitration framework in line with current common law practice.

Jacques Visser, Chief Legal Officer at DIFC Authority, said: “DIFC is pleased to launch a public consultation on proposed amendments to the Arbitration Law, introducing significant reforms including enhanced tribunal powers, summary determination, security for costs, emergency arbitrator enforcement, and a new mediation framework, further strengthening efficiency and reinforcing the DIFC’s position as a leading international arbitration hub.”

The DIFC Arbitration Law, originally enacted in 2008 has provided a strong foundation for nearly two decades. However, given significant developments in arbitral practice since then, these amendments aim to modernise the framework and ensure it reflects current best practices. In doing so, they draw on a comparative review of leading institutional rules, including those of the LCIA, ICC and DIAC, and arbitration legislation in key jurisdictions such as England & Wales, Singapore, Hong Kong and Australia, reinforcing the DIFC’s position as a progressive, pro-arbitration international financial centre.

The proposed amendments to the DIFC Arbitration Law aim to clarify the transitional scope, modernise communication and drafting, introduce more flexible confidentiality exceptions, prohibit discrimination, and address issues relating to ex parte applications and the court enforcement of interim measures. They also adopt a “reasonable opportunity” standard, refine the costs regime, and shorten the time limit for challenging awards.

In addition, the amendments introduce new provisions empowering the DIFC Court to extend the time for commencing arbitration and clarify the law applicable to arbitration agreements. The amendments grant arbitral tribunals expanded powers and procedural tools, including security for costs, consolidation, joinder, summary determination, provisional awards, peremptory orders, and the appointment of Emergency Arbitrators.

The amendments further establish new regimes governing third-party funding and the conduct of parties and their representatives, together with associated sanctions. They also clarify the tribunal’s remedial powers, confirm the ability to issue partial and separate awards, and introduce specific provisions addressing the award of interest and the court’s power to extend the time for issuing awards.

Further details about the proposed amendments can be found in Consultation Paper No. 2 of 2026, available here. The proposed regulations have been published for a 30-day public consultation period with the deadline for providing comments ending on 10 July 2026.

– Ends –

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is the world’s most advanced financial centre, shaping the global financial landscape and cementing Dubai’s reputation as a leading business destination across the Middle East, Africa, and South Asia (MEASA).

As the region’s only financial centre operating at scale across all sectors, DIFC is home to 8,844 active firms. These include 1,052 regulated firms including over 500 Wealth and Asset Management firms (including 100 hedge funds), 290 banks and capital markets firms, 135 insurance and (re)insurance companies, and 70 brokerage entities. Home to over 1,677 AI, FinTech and innovation, DIFC sets the benchmark for financial innovation and is a top four ranked FinTech hub across the world.

Underpinned by a trusted, world-class legal and regulatory framework, including the region’s most utilised commercial courts, DIFC ensures efficient governance and reinforces Dubai’s leadership in the digital economy. Connecting 50,200 professionals, it offers the region’s deepest pool of financial talent, serving as the gateway to MEASA for all financial players.

Beyond business, DIFC provides the complete urban experience with world-class lifestyle amenities, establishing it as a highly sought-after destination. The 17.7mn sq. ft. DIFC Zabeel District expansion which provides capacity for over 42,000 companies and a workforce of more than 125,000, DIFC is solidifying Dubai’s position as a top four global financial centre. The new District will also include premium Grade A commercial office space, over 1mn sq.ft. allocated to future technologies including the world’s largest Innovation Hub and world’s first purpose-built AI Campus, an expanded academy, residential buildings, hotels, a conference centre, and a range of retail, dining, and cultural offerings, including a first-of-its-kind art pavilion.

Anchored in integrity, DIFC is the platform for success, driving the future of finance.

For further information, please visit our website: difc.com, or follow us on LinkedIn and X @DIFC.

Burson

[email protected] 

Rasha Mezher | Dubai International Financial Centre Authority  

Manager, Marketing & Corporate Communications

+9714 3622451

[email protected]

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Neurovia AI Shines at UAE Data Center Summit 2026

The $40.9 Billion Impact of the World Cup on Economies

UAE’s Future in Finance: Graduation of Third Pioneer Cohort

Abu Dhabi’s Water and Energy Resilience Framework Explained

AI Governance Insights: Middle East Boards at the Forefront

Sharjah GIS Forum: Driving Digital Transformation

AURAK’s 2026 Commencement: Shaping Tomorrow’s Innovators

SPC Free Zone Expands Opportunities for India–UAE Publishing Collaboration

Azizi Developments Achieves AED 1.46 Billion in Sales

Editors Picks

Windows 11 adds a neat upgrade that enables simultaneous streaming for two audio devices

June 12, 2026

DIFC Announces Consultation on amended DIFC Arbitration Law

June 12, 2026

iOS 27 hands-on: the iPhone update I have been waiting for

June 12, 2026

Neurovia AI Shines at UAE Data Center Summit 2026

June 12, 2026

Subscribe to News

Get the latest UAE news and updates directly to your inbox.

Latest Posts

Telegram quietly returns to wearOS smartwatches and its looks pretty sleek

June 12, 2026

The $40.9 Billion Impact of the World Cup on Economies

June 12, 2026

The social media scrolling habit is more harmful than you think, especially for teens

June 12, 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 Daily Guardian UAE. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.