Major Developments in Abu Dhabi Arbitration Landscape
In a groundbreaking move, the Abu Dhabi Chamber of Commerce and Industry has unveiled plans for a new era in arbitration with the establishment of the Abu Dhabi International Arbitration Centre (ADIAC), branded as arbitrateAD. This announcement comes as part of a strategic decision to streamline and enhance the arbitration process in the Emirate.
Effective February 1, 2024, the existing Abu Dhabi Commercial Conciliation and Arbitration Centre (ADCCAC) will be officially abolished, making way for the comprehensive adoption of ADIAC’s rules and governance structure. This transition marks a significant shift in the Emirate’s commitment to fostering a more robust and efficient arbitration environment.
Ongoing cases currently under the administration of ADCCAC will continue unaffected, ensuring a seamless transition for parties involved. However, as of the aforementioned date, all new arbitration cases will be administered exclusively by the newly-established ADIAC.
The leadership of ADIAC is set to be formidable, with Abdullah Mohamed AI Mazrouei appointed as the Chairperson and Gary Born, a globally renowned arbitration practitioner, serving as the Vice Chairman. The Arbitration Court will be under the presidency of Maria Chedid from the distinguished US law firm Arnold & Porter. Overseeing the day-to-day operations of ADIAC is Kristin Campbell-Wilson, former Secretary General of the Stockholm Chamber of Commerce (SCC), who will serve as the Executive Director.
These appointments reflect a commitment to assembling a team of highly respected and experienced professionals to guide ADIAC in its mission to become a leading hub for international arbitration.
This initiative is expected to elevate Abu Dhabi’s standing in the global arbitration landscape, providing a state-of-the-art platform for dispute resolution and further solidifying the Emirate’s position as a business-friendly jurisdiction. The move is anticipated to attract a diverse range of international cases, reinforcing Abu Dhabi’s commitment to fostering a fair and efficient legal environment for businesses worldwide.