DIFC Court of Appeal: The DIFC Courts have jurisdiction to recognise domestic UAE arbitral awards
16 November 2014
The DIFC Court of Appeal has ruled that it has jurisdiction to recognise and enforce arbitral awards, irrespective of seat. In a judgment dated 3 November 2014 in the case of Meydan Group LLC v Banyan Tree Corporate Pte Ltd, the Court found that it has jurisdiction to try claims calling for the recognition and enforcement of arbitral awards irrespective of the state in which the award was made, even where neither party is based or has assets in the DIFC.
This briefing note considers the reasoning in the judgment and goes on to discuss the possible effects of the decision.
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