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The Dubai International Arbitration Centre (DIAC) has issued a draft of its DIAC Arbitration and Conciliation Rules 2016 (DIAC Rules 2016) for comments. The institution becomes the latest in a long line from around the world seeking to bring its administered arbitration rules into step with modern arbitration practice and user expectations.
Earlier this month, the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) entered into force to much acclaim, including for the first time an early dismissal procedure, and the Arbitration Institute of the Stockholm Chamber of
Commerce (SCC) is consulting on its revised rules due to launch on 1 January 2017.
What are the proposed changes?
The current version of the DIAC Arbitration Rules came into effect in May 2007 and the arbitral institution is one of the most prominent in the Middle East.
Although the DIAC Rules 2016 do not represent a complete re-write, as was the case, for example, with the London Court of International Arbitration (LCIA)’s 2014 Arbitration Rules, there are a number of proposed amendments and new articles.
Overall, the DIAC Rules 2016 will align the institution more closely with its counterparts in Europe, Asia and the United States.
Some of the proposed changes include:
An unofficial comparison document showing the changes between the DIAC Rules 2007 and the DIAC Rules 2016 can be accessed here.
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