Prof. Dr. Tarek F. Riad Chairman of the DIAC Executive Committee

Managing Partner Kosheri, Rashed and Riad Law Firm-Egypt

Thank you

Dr Gordon Blanke (DWF)

Mr Alain Farhad (Squire Patton

Boggs)

Dr Mohamed Abdel Wahab (Zulficar

& Partners)

Ms Lara Hammoud (ADNOC)

Dr Adnan Amkhan Bayno and Mr

Sergejs Dilveka (MENA Chambers)

Mr Jeremy Nicholson (4 Pump Court)

Dr Nael Bunni

Dr Omar Aljazy (Aljazy & Co)

Mr Victor Leginsky (Arbitralis) Mr Alec Emmerson & Mr John Lewis

(Clyde & Co.)

Mr Adrian Cole (King & Spalding)

Mr Karim Nassif (Lefevre Pelletier &

Associes)

Ms Sally Kotb and Ms Celine Kanakri

(Baker & McKenzie.Habib Al Mulla)

Mr Peter Anagnostou (DLA Piper)

Ms Nayiri Boghossian (Al Owais

Advocates & Legal Consultants)

DIAC New Rules Team – Thank you

Dr Habib Al Mulla Dr Tarek F. Riad

Prof. Bernard Hanotiau Dr Antonio R. Parra

Mr Martin Hunter Prof. Filip De Ly

Mr Hussain Al Jaziri Mr Jeppe Skadhauge

Dr Karim Hafez Mr Abdul Moneim Suwaidan

Dr Fathi Kemicha Ms Mercedes Torres-Lagarde

Mr Dalmook Mohammed Dalmook Ms Sandra Puehringer

Prof. Philippe Leboulanger Ms Jyothi Mani

Mr Georg Kahale Ms Olena Voronovych

Mr Juan Fernandez-Armesto Mr Abdulaziz Anwar

Mr Erik Schafer Ms Amna Al Shaali

Mr Philip Capper

Mr Ulf Franke

Overview of some of the important issues in the new DIAC Arbitration Rules:

VAT

Time extension for rendering the final award

Change of default seat of arbitration

Physical signature of awards

Appointment of arbitrators

Jurisdictional objections

Awarding legal costs

Fixing Tribunal’s fees

Exclusion of liability of arbitrators

Emergency arbitration

Overview of some of the important issues in the new DIAC Arbitration Rules: (contd.)

Expedited proceedings

Power of Majority to continue the proceedings

Power of Tribunal to sanction counsel

Soft Scrutiny of arbitration awards

Third party funding

Shariah Arbitration

Consolidation

Multiple Contract

Joinder

Conciliation

Largest arbitration Centre in the Middle East

Efficient and impartial administration of disputes

Non-profit institution, independent from the Government of Dubai and the Dubai Chamber of Commerce and Industry

Why choose DIAC?

Over the recent years, DIAC has been the institution of choice due to its:

the international composition of its governing bodies

governing legislation

pool of experienced arbitrators

experience in the management of more than 2,500 cases since 2007

Experience in managing disputes relating to different sectors, including real estate, engineering & construction, corporate & commercial, and oil & gas

experience in complex disputes of high claim value

DIAC’s Composition

DIAC’s Board of Trustees is comprised of experienced local and international arbitration specialists and is currently chaired by Dr Habib Al Mulla.

DIAC’S Executive Committee is comprised of five members from the Board of Trustees. It is currently chaired by Dr Tarek Riad and includes Mr Philip de Ly, Mr Antonio Parra, Mr Jeppe Skadhauge, and Mr Abdul Moneim bin Sowaidan as its members.

DIAC’s Secretariat includes case managers from different cultural and educational backgrounds. The case management team manages cases in both the English and Arabic language. The Secretariat is able to administer cases in German, Hindi, Spanish and Russian.

Cases Registered

Average number of cases from 2010 until Oct 2017– 303 cases

431 440

379

310

174 177 207

169

2010 2011 2012 2013 2014 2015 2016 OCT-17

Nationality of the parties

UAE-UAE (26%)

UAE-Foreign (56%)

Foreign-Foreign (18%)

UAE-UAE (26%)

UAE-Foreign (56%)

Foreign-Foreign(18%)

Amounts in dispute(AED)

8,000,000,000

6,000,000,000

6,900,000,000

3,700,000,000

5,200,000,000

5,600,000,000

2,700,000,000

5,200,000,000

2010 2011 2012 2013 2014 2015 2016 2017

Average value of disputes from 2010 to Oct 2017: AED 5.4 Billion

Nationality of arbitrators

350 (47%)

297 (40%)

68 (10%)

[VALUE] (0.5%)

[VALUE] (1%) [VALUE] (0.5%) [VALUE] (1%)

MENA (47%)

EUROPE (40%)

NORTH AMERICA (10%)

LATIN AMERICA (0.5%)

ASIA (1%)

AFRICA (0.5%)

AUSTRALIA/ NEW ZEALAND (1%)

Non MENA Arbitrators appointed: 53%

Young and female arbitrators and New Rules

From 2010 until Oct 2017, the EC has made more than 900 appointments (both direct and upon nomination of the parties), from which:

DIAC gives a chance to young arbitrators from every nationality

Close to 55% (approximately 493 appointments) were young arbitrators under the age of 45

Close to 35% (approximately 320 appointments) were female arbitrators

DIAC will have new Rules in 2018.

THANK YOU